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Feb 2nd 2012, 20:46:28

[quote poster=qzjul; 15115; 272358]weasel and TY you need to both learn how graduated taxes work =/

a linear taxrate of 30% @ 100k to 90% @ 1M with 100k exempt would mean that the following Income | Take-home | Taxes | Effective Taxrate would be like so:


Income Take Home Taxes Effective Taxrate
0 0.00 0 0.0%
30000 30000.00 0 0.0%
50000 50000.00 0 0.0%
80000 80000.00 0 0.0%
100000 100000.00 0 0.0%
130000 120700.00 9300.00 7.2%
200000 166666.67 33333.33 16.7%
300000 226666.67 73333.33 24.4%
500000 326666.67 173333.33 34.7%
800000 426666.67 373333.33 46.7%
1000000 460000.00 540000.00 54.0%
2000000 560000.00 1440000.00 72.0%
10000000 1360000.00 8640000.00 86.4%
42000000 4560000.00 37440000.00 89.1%
100000000 10360000.00 89640000.00 89.6%
1000000000 100360000.00 899640000.00 90.0%




I don't think the guy making 130k is going to be choked about paying 7% taxes; nor is the guy 1M going to be choked about paying 54% taxes; and the guy making 1B/year is probably not going to worry about taking home ONLY $100M

[/quote]

lol you are delusional. if i had a job that allowed me to make 1b a year and i was only able to keep 100m because of taxes i would be fluffing pissed. just because 100m seems like alot to you doesnt mean its alot to someone else who worked to put themselves into a position to be that rich.

Edited By: qzjul on Feb 2nd 2012, 21:19:42
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