the tax canard

[geckosfeet]

Round numbers used to simplify the example.



So if I make $100,000 a year, I pay $10,000 in taxes. That leaves me $90,000 for the rest of the year. A livable net anywhere in the country.

The canard is when people claim that those in the top income brackets pay a larger percentage of total tax revenue than those in lower brackets. Well of course they do. Unless you are willing to tax them at a hugely lower rate.

The point is, it makes no sense to tax the poor. If you taxed $100,000 (by no means poor) at 50% ($50k) you would still not generate as much revenue as taxing $1,000,000 at 10% ($100k).

[pansypoo53219]

1. some republikkklan in 06 or 08 came to or door yapping about the marriage tax

and i said, well, they make more money. and don't even tell me about death taxes. if you are dead, why would you care?