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<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff size=2>While
the axiom seems to be flawed, there actually is some truth to
it.</FONT></SPAN></DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff
size=2>Firstly, between federal, state and local, the marginal rates could total
above 100%. Secondly, if the change in your bracket takes you to a
category where deductions and exemptions get prorated, that shift could go over
100%. Thirdly, before computer tax programs became so ubiquitous, the fed
sent out tax tables with $50 increments. lets say that at $20000, the
marginal tax rate is 10%. if a person's income jumps from 19999 to 20001, a $2
increase, his tax will go up $5, 10% of $50.</FONT></SPAN></DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff
size=2>Finally, if a person receives certain benefits, such as food stamps,
medicaid, college scholarships, rent assistance (section 8), etc., a small
increase in on-the-books income could cost him some or all of these
benefits. the tax may not literally be over 100%, but it sure will feel
like it.</FONT></SPAN></DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff size=2>This
last is what causes people on the dole to stay there. An unskilled job
cannot possibly bring in as much income as would be lost from food stamps,
medicaid, etc.</FONT></SPAN></DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=810163914-04032010><FONT face=Arial color=#0000ff size=2>Some
years ago, i sued my insurance company and an arbitration hearing was being
held. as i waited for my turn, i was surrounded by a bunch of lawyers who
knew each other professionally. some had 6 or 7 digit salaries while one
went into legal aid. his salary was so much less than the others, but when
they factored in scholarships and such, they weren't that far
apart.</FONT></SPAN></DIV>
<DIV><!-- Converted from text/rtf format -->
<P dir=ltr align=left><FONT size=5><FONT face=Script><FONT color=#0000ff><SPAN
lang=en-us>greenBubble</SPAN> </FONT></FONT></FONT></P><BR></DIV>
<DIV class=OutlookMessageHeader lang=en-us dir=ltr align=left>
<HR tabIndex=-1>
<FONT face=Tahoma size=2><B>Subject:</B> Re: [GCFL-discuss]
Axioms<BR></FONT><BR></DIV>
<DIV></DIV>That's so much BS that they do that Insufficient Funds charge, it's
so dirty... oh well, we call that capitalism.<BR><BR>Thanks to my college
experience I know how to live on very little ... sadly that means being stuck in
the apartment doing nothing but computer games and looking for work. Sucks, but
I'm not spending money.<BR><BR>~Lance<BR><BR>
<DIV class=gmail_quote>On Wed, Mar 3, 2010 at 7:47 PM, Discussion of the Good,
Clean Funnies List <SPAN dir=ltr><<A href="mailto:gcfl-discuss@gcfl.net"
target=_blank>gcfl-discuss@gcfl.net</A>></SPAN> wrote:<BR>
<BLOCKQUOTE class=gmail_quote
style="PADDING-LEFT: 1ex; MARGIN: 0pt 0pt 0pt 0.8ex; BORDER-LEFT: rgb(204,204,204) 1px solid">I
guess I am more gullible than I realized. I assumed that was a
true<BR>statement without question. What made you decide to test
it?<BR>I sent my math whiz friend your statement and figures. I await
his reply...<BR>Not, of course, that I don't have faith in your reasoning
abilities.<BR>Respectfully, Jeanene<BR><BR>I am distressed to learn of your
and Lance's financial status. (How do you<BR>grammatically say the
previous sentence? The "you/r and Lance" part. No<BR>matter how
many times I say it aloud, it sounds WRONG.) I have three<BR>friends who
are working for the census. I hope and pray you get that job,<BR>Lance.
Are you interested in working for the census, Siarlys? We are
in<BR>sad shape financially, but we still have food in the fridge, the deep
freeze<BR>and the pantry, so I really have no place to complain. I would
like it if<BR>our bank 'autopays' could be put "on hold" until we have money
in the bank<BR>as the insufficient funds charges of $37 for each transaction
are pulling us<BR>farther and farther under. How does charging us allow
us to catch up?<BR>sigh.<BR>Jeanene<BR>
<DIV><BR>-----Original Message-----<BR>To: Red<BR>Subject: [GCFL-discuss]
Axioms<BR><BR>Kaufman's Axiom is funny, but<BR><BR>The Salary Axiom was
prepared by someone who can't do math.<BR><BR>There is no such thing as a pay
raise which costs more, by moving you<BR>into a higher tax bracket, than the
amount of the raise.<BR><BR>The higher percentage applies only to the money
OVER the lower limit for<BR>the bracket, and it is always less than
100%.<BR><BR>E.g.<BR><BR>10% of $10,000<BR><BR>+<BR><BR>15% of income over
$10,000 but less than $50,000<BR><BR>+<BR><BR>25% of income over
$50,00.<BR><BR>If you made $45,000 before and $55,000 after,<BR><BR>$1000 +
$5250 = $6250 leaving you $38,750.<BR><BR>changes to<BR><BR>$1000 + $6000 +
$1250 = $8250 leaving you $46, 750.<BR><BR>I can always use an extra $6000,
even if Uncle Sam has already taken<BR>$2000.<BR><BR>I'm not sure I'm going to
make $6000 this entire
year.<BR><BR><BR>Siarlys<BR><BR>_______________________________________________<BR></DIV>
<DIV>
<DIV></DIV>
<DIV>GCFL-discuss mailing list<BR><A href="mailto:GCFL-discuss@gcfl.net"
target=_blank>GCFL-discuss@gcfl.net</A><BR><A
href="http://gcfl.net/mailman/listinfo/gcfl-discuss"
target=_blank>http://gcfl.net/mailman/listinfo/gcfl-discuss</A><BR></DIV></DIV></BLOCKQUOTE></DIV><BR><BR
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