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Tratious
Joined: 03 Feb 2008
Posts: 316
Location: Savannah, GA
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 Posted: Sun May 20, 2012 9:31 am
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Hopefully whatever he does, it works out for him, I wish him the best of luck.
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kusanagi-sama
Joined: 22 Aug 2004
Posts: 1723
Location: Wichita Falls, TX
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Posted: Sun May 20, 2012 12:09 pm
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Maybe he's stepping down because he doesn't want to be taxed at 75% of his income if he makes over 1 million euros.
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agila61
Joined: 22 Feb 2009
Posts: 3213
Location: NE Ohio
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Posted: Sun May 20, 2012 12:54 pm
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| kusanagi-sama wrote: | | Maybe he's stepping down because he doesn't want to be taxed at 75% of his income if he makes over 1 million euros. |
No, its 75% of the income over $1m, not 75% of the income for people who make over $1m.
When various tax breaks and loopholes are included, its not even that.
If you think that the President of Kaze makes so much as President of a subsidiary that of two Japanese publishers that the marginal tax rate on income over $1m/yr is a big factor in his retirement plans, I'm led to wonder what you are smoking.
If he's going into one or more new ventures, as the article suggests, seems more likely that there is an opportunity to get in on the ground of a venture that is either a substantial opportunity in a growing market, or else is a labor of love for someone who's economic future is already secured.
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kusanagi-sama
Joined: 22 Aug 2004
Posts: 1723
Location: Wichita Falls, TX
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Posted: Sun May 20, 2012 8:12 pm
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| agila61 wrote: |
| kusanagi-sama wrote: | | Maybe he's stepping down because he doesn't want to be taxed at 75% of his income if he makes over 1 million euros. |
No, its 75% of the income over $1m, not 75% of the income for people who make over $1m.
When various tax breaks and loopholes are included, its not even that.
If you think that the President of Kaze makes so much as President of a subsidiary that of two Japanese publishers that the marginal tax rate on income over $1m/yr is a big factor in his retirement plans, I'm led to wonder what you are smoking.
If he's going into one or more new ventures, as the article suggests, seems more likely that there is an opportunity to get in on the ground of a venture that is either a substantial opportunity in a growing market, or else is a labor of love for someone who's economic future is already secured. |
That's what I mean, and it was just a comment on the new president's plan to excessively tax the rich (and claims he hates the rich, when he's rich himself. He owns at least three houses)
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Teriyaki Terrier
Joined: 26 Mar 2008
Posts: 5689
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Posted: Sun May 20, 2012 10:00 pm
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| kusanagi-sama wrote: |
| agila61 wrote: |
| kusanagi-sama wrote: | | Maybe he's stepping down because he doesn't want to be taxed at 75% of his income if he makes over 1 million euros. |
No, its 75% of the income over $1m, not 75% of the income for people who make over $1m.
When various tax breaks and loopholes are included, its not even that.
If you think that the President of Kaze makes so much as President of a subsidiary that of two Japanese publishers that the marginal tax rate on income over $1m/yr is a big factor in his retirement plans, I'm led to wonder what you are smoking.
If he's going into one or more new ventures, as the article suggests, seems more likely that there is an opportunity to get in on the ground of a venture that is either a substantial opportunity in a growing market, or else is a labor of love for someone who's economic future is already secured. |
That's what I mean, and it was just a comment on the new president's plan to excessively tax the rich (and claims he hates the rich, when he's rich himself. He owns at least three houses) |
I'd say if he does indeed to claim to dislike the rich, despite being rich himself, he certainly is pot calling the kettle black in this matter.
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