An example of a ten tier progressive tax system

Discussion in 'Economy' started by editec, Jun 12, 2011.

  1. editec
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    editec Mr. Forgot-it-All

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    Oops! make that a 15 tiered progressive tax system

    It's so damned hard to take a spread sheet onto this thread in any way that doesn't take hours of formating that I cannot show you the actual tax burdens, but

    here's the EFFECTIVE RATES

    0
    0.05
    0.0875
    0.11875
    0.1325
    0.141875
    0.1495
    0.163
    0.17225
    0.20245
    0.211225
    0.226245
    0.2331225
    0.2466245
    0.27331225
    0.387331225


    As one example, somebody making $250,000 would end up paying $31,750 a year in Federal taxes.


    Would this pay our bills?

    Yeah, if we disallowed the various outrageous tax breaks that we keep giving different kinds of income, you be your ass it would.
     
    Last edited: Jun 12, 2011
  2. code1211
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    code1211 Senior Member

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    The income levels to go with the rates fell off.

    Could supply those as well?
     
  3. Liberty
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    Liberty Silver Member

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    marx would approve.
     
  4. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I would prefer something even simpler and I'd REALLY prefer taxing commerce instead of income, but any change that recognizes this would be welcomed by this average Joe.
     
  5. iamwhatiseem
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    iamwhatiseem Gold Member

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    I hope you are including those who have negative income burdens?
    You know - people who get more back than they pay in?
    This should go away also.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    No family should be allowed to keep a nickel more than $50,000 in a metropolitan area and $25,000 in a rural area and even that might be too much
     

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