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
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.
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
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.
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