Feb 2nd 2012, 20:46:28
Originally posted by qzjul:
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:
(see above chart)
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
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:
(see above chart)
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
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.
Your mother is a nice woman