Quote:
Originally Posted by Badgerbadger
To extend your proposal of progressive tax rates, why not just have 1% rate jumps for every $10K over your proposed base of $40k?
ie. If you make $50K, you pay 1% of the extra $10K, or $100 in income tax. If you make $60K you pay 1% of the first $10K and 2% of the next $10K for a total of $300. If you make $100K, you pay a total of $2100, if you make $150K you pay $6600 and so on up to a max rate of $95% at $1million. Above $1million, you pay $9500 of every $10K you make
General question: Does it bug you that the company you work for pays less income tax than you do? And they can write off stuff prior to taxation that you and I have to pay for after we're taxed.
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It would bug me if the company that I worked for paid the same rate of income tax that I did, and if they lost their write offs. It would bug me, because I would have been unemployed, because the plant that I worked at, would never have been built, because it wouldn't have been profitable.