Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="inactive" data-source="post: 1788368" data-attributes="member: 7488"><p>Actually, the question of fairness is that Steve pays a larger percentage of his income in taxes, thus taking home a smaller percentage of his income to support his family. Here is the percentage of income each takes home after taxes, given the scenarios above:</p><p></p><p>4,375,000 / 5,000,000 = 87.5% taken home</p><p>45,000 / 60,000 = 75% taken home</p><p></p><p>It's not a <em>flat </em>tax. It's a <em>regressive </em>scale in that the poor must spend a greater percentage of their income on basic living expenses, thus requiring them to pay a higher percentage of their income in taxes. If you have a basic living expense credit, like the Far Tax books describe, then the situations may change.</p></blockquote><p></p>
[QUOTE="inactive, post: 1788368, member: 7488"] Actually, the question of fairness is that Steve pays a larger percentage of his income in taxes, thus taking home a smaller percentage of his income to support his family. Here is the percentage of income each takes home after taxes, given the scenarios above: 4,375,000 / 5,000,000 = 87.5% taken home 45,000 / 60,000 = 75% taken home It's not a [I]flat [/I]tax. It's a [I]regressive [/I]scale in that the poor must spend a greater percentage of their income on basic living expenses, thus requiring them to pay a higher percentage of their income in taxes. If you have a basic living expense credit, like the Far Tax books describe, then the situations may change. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
Search titles only
By:
Top
Bottom