- Joined
- Dec 18, 2010
- Posts
- 2,881
Forest for the trees.Yeah, that's not how a progressive tax system works. Seriously... how do people who've been paying taxes for 20-30 years not understand this shit?
The American tax system is needlessly obtuse and complicated to keep tax filing businesses (TurboTax, accountants, etc.) flush and to enable the aforementioned rich to continue not paying their fair share. I would take a flat tax rate but we all know it would just end up with the rich having endless loopholes to avoid it and the middle/upper-middle class would continue getting fucked.
Okay economics class, the (not-so-obvious, apparently, inferred minutia): 12% for first $83,550, 22% for dollars $83, 551 to $340,100. We all on same page?
Point is no increase for over 260K in income growth, but significant 10% jump for lower middle class as they start to you know, pay off a mortgage or put kids through college. Then no increase for 150K-300K for the folks who could handle it. Then when they can handle a little more it's a 2% bump. If that makes sense to someone i'd love to hear it. Seriously.