With Pres Obama pushing for the massive bailout stimulus, which will not work, at some time the govt will have to push the marginal tax rate back up to 90% from the 30+% it is now. But note something, last time it was at 90%, there was a small business renaissance in USA. I suspect when the govt is taking it all, one way to defend your income is expense your lifestyle being self-employed and in effect avoid those massive taxes. The last thing you want to be in the next 30-50 years is an employee.
Monday, February 9, 2009
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