The tax rate for people earning less than $50,000 should be 1%.
That might generate $12,568,425,000.00.
The tax rate for people earning $50,000 - $149,999.99 should be 14%.
That might generate $699,160,350,000.00.
The tax rate for people earning $150,000 or more should be 44%.
That might generate $4,130,451,600,000.00.
That is a grand total of $4,829,624,518,425.00 in revenue.
I guess just borrow the remaining $1,270,375,481,575.00 to pay the remaining part of the budget. I think I see why over half of the lowest income tax payers do not pay taxes. It is a drop in the bucket. This business is crazy. Our budget is too big or something another.
People earning over $150,000 should be 44%...
So a fella that earns $160k would have to pay $70k+ is taxes.
But another fella that makes 145,000 would only have to pay $20k.
So tell me again how this is fair?