Going Galt
Libertarians and tax reform advocates have been advocating going Galt. Named after John Galt from Atlas Shrugged, Galt and his fellow individualist captains of industry "go on strike" by withdrawing his entrepreneurial talents from the collectivist common men whose socialist governments and progressive tax structure did not provide sufficient incentives. "Untold numbers of America’s wealth producers are going on strike financially."
And I will be joining them, both as a lesson to the commies in Washington and a lesson to my fellow Libertarians who fail to understand the important concept of marginal tax brackets. All taxpayers receive a 1.8%-5.5% tax cut on the first $115,000, which keeps net incomes below $200,000 from being affected by the tax, but I promise to "go Galt" and avoid both additional income and additional taxes by cease all entrepreneurial practices once I've exceeded $200,000 in post-deduction net taxable income. If you agree that an 8-11% tax increase eliminates your desire to earn more than $200,000 per year I suggest that you not even entertain the idea of making that kind of money until Obama mends his ways.
Also, because Obama will be keeping the 2011+ estate tax that Bush repealed in 2001, I will be "going Dorian Gray" by refusing to die once my estate is worth more than $3.5-$5 million.
And I will be joining them, both as a lesson to the commies in Washington and a lesson to my fellow Libertarians who fail to understand the important concept of marginal tax brackets. All taxpayers receive a 1.8%-5.5% tax cut on the first $115,000, which keeps net incomes below $200,000 from being affected by the tax, but I promise to "go Galt" and avoid both additional income and additional taxes by cease all entrepreneurial practices once I've exceeded $200,000 in post-deduction net taxable income. If you agree that an 8-11% tax increase eliminates your desire to earn more than $200,000 per year I suggest that you not even entertain the idea of making that kind of money until Obama mends his ways.
Also, because Obama will be keeping the 2011+ estate tax that Bush repealed in 2001, I will be "going Dorian Gray" by refusing to die once my estate is worth more than $3.5-$5 million.