Income tax brackets. Now, those three words should never go together. Because when they do, they inevitably invite confusion, envy, and thievery. And even knucklehead, one-track-mind musicians can figure that out.
In fact, income tax brackets influenced the name of a #1 album.
That album was called “Atlantic Crossing.” And it was number one on the UK charts on this day (August 30) back in 1975.
And the musician was Rod Stewart. Apparently he decided the 83% top income tax bracket was too much. So, he decided to head to Los Angeles where the lifestyle suited his rockstar ways. (plus…he could keep more of his moolah)
Yeah, even us musicians can figure out when enough is enough. And an 83% tax rate is way beyond enough. You might say (and I’d definitely say) it’s more than 8 times tyrannical.
So, if you do the math, you see that means somewhere above 10% would be a tyrannical tax rate. A nice round number. But you might wonder how I came up with that number or equation. Well, I can’t take credit for it. But my best friend can.
He wrote a book about life. And how we should live it. And what’s best for us. It’s the bestselling book of all time. And I bet you’re catching my drift, right? Yeah, Jesus is the author. He’s the one who established the nice, round number of 10%.
When governments determine the “rich should pay their fair share,” they really mean the rich should fund the self-indulged lifestyles of politicians, lawyers, and judges.
And even rockin’ Rod Stewart didn’t wanna do that at a rate of 83 cents out of every dollar (or whatever that translates into in English pounds) stolen from him.
But it’s really no big deal to the rest of us. Right?
After all, we don’t make the rockstar millions. So, who cares if richie rich rockstars and other celebrities have to pay millions more in taxes. They’ll still have millions left.
If you believe that’s all there is to it, then you’re lost in the matrix. And I fear for your eternal soul. It might be in jeopardy of everlasting confusion and torment.
Because unjust taxation is stealing.
Those who implement it are revealing
Their contempt for what’s right. Pay attention, you might
Find an answer that’s much more appealing.
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