July 1, 2008

Tiger's Winnings

Under the current tax plan, Tiger got to keep 57% of his US Open purse.  Under Obama's tax plan, he would get to keep 43%.  I have problem with that, personally.  When the government takes a bigger cut of your paycheck than you do, something is just wrong with that.  I guess Congress doesn't think so, though, since for the period after World War II up until 1963, they pretty much took all the money people made over $400,000.

A history of the top tax rates in America 1913 to 2003.

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