How More of Your Money Becomes Less of Your Money

By: Brent Patmos

If your a "high income" sales professional or executive who is earning, or has the potential to earn, more than $150,000 we want your input, comment and dialogue on this post.

If the proposed tax plan introduced by Congressman Charles Rangel is passed, here's what it will mean: The permanent repeal of the AMT tax would cost nearly $800 billion over 10 years. That would be offset by applying a replacement tax of 4% on married couple income above a certain level, not to be less than $200,000. The tax would be 4.6% on income in excess of $500,000, or $250,000 in the case of a single taxpayer.

So what do you think? How do you feel about high income earning sales professionals and executives automatically being taxed an additional 4% as a "reward" for their performance and hard work?

Maybe it's a sign of the times, but when you really think about $150K to $200K in today's world, it simply isn't that much money and doesn't really go that far. Yet, politicians in Washington D.C. believe that the backbone of American commerce (the sales professional) should be penalized for their income level that is achieved as a direct result of and individual work ethic and personal productivity.

People without initiative and without a desire to be paid what they are worth based on their personal performance will have no idea why this is an issue to be concerned over. Politicians can spin it any way they choose; a tax increase is a tax increase. That means less of our money is our money.