Take the income tax quiz!!!

Discussion in 'Politics' started by SpidermanTuba, Feb 18, 2010.

?

How much more in taxes does B pay than A?

  1. $15,000.30

    4 vote(s)
    25.0%
  2. $15,000.00

    2 vote(s)
    12.5%
  3. $0.30

    10 vote(s)
    62.5%
  4. $30.00

    0 vote(s)
    0.0%
  1. SpidermanTuba
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    SpidermanTuba BANNED

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    For the poll question above:


    Consider a hypothetical tax system where they are two brackets.

    up to and including $100,000 = 15%
    above $100,000 = 30%

    Consider two taxpayers. Taxpayer A made $100,000 and taxpayer B made $100,001. How much more in taxes did B pay than A?
     
    Last edited: Feb 18, 2010
  2. Mr. Peepers
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    Mr. Peepers Senior Member

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    I think I got it right. Do I get a cookie?
     
  3. Oldandtired
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    Oldandtired BANNED

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    you misread what I was thinking....intentional....maybe.......but you misread what I was thinking.

    If you look back, I soecifically said "the way thge tax code was"...and then I said that I was told the 3% for 250K was different.

    Stop being an ass.
     
  4. Dr.Traveler
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    Dr.Traveler Mathematician

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    100,001*.3-100,000*.15=Answer A.

    Point being?
     
  5. Kex
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    Kex Member

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    That's why there are more than 2 tax brackets.
     
  6. Oldandtired
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    Oldandtired BANNED

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    oh jeez....
     
  7. SpidermanTuba
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    SpidermanTuba BANNED

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    See, some people don't get how taxes work. It would be nice if they didn't vote.
     
  8. Kex
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    Kex Member

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    There is no perfect system, yeah sure making 1 cent more over the bracket will get you a bigger burden. Too bad person B didn't find good accountant to write something off.
     
  9. PatekPhilippe
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    PatekPhilippe Senior Member

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    If they didn't vote the Democrats would never win a single election.
     
    • Thank You! Thank You! x 1
  10. Immanuel
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    Immanuel Gold Member

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    I know you are joking. At least I hope you are joking.

    Under the U.S. Tax Code the answer would be .30

    Taxpayer A taxes would equal 15,000 = 100,000 * .15

    Taxpayer B taxes would equal 15,000.30 = (100,000 * .15) + (1*.30)

    Of course that is assuming that the 100,000 and 100,001 are taxable wages and not gross or adjusted gross wages.

    Under your tax theory one would be deeply penalized for making one extra dollar.

    Immie
     

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