MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
Obviously the dollar amounts are higher, but their share of the tax burden becomes the lowest the way the system is currently set up.
So they pay the most, but they pay the least because, um, well, OBAMA AKBAR, OBAMA AKBAR....
Are there 12 total IQ points in the entire fascist democratic party?
What is:
15% of $34,000?
35% of $1,000,000?
The person earning $34,000 would have a serious cash flow problem if he paid the full 15%, or $5,100. The person earning $1,000,000 has income tax credits he can take that brings his taxable income down lower than $5,100 (if not, he needs a new tax accountant). But his tax LIABILITY, before the writeoffs, is $350,000.
It's a no-brainer.