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by tthomas48
4504 days ago
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Right, and when you make $10k per year a hamburger costs $1, and when you make $50k per year a hamburger costs $5, and when you make $100k per year a hamburger costs $10. In the real world everyone pays the same $5 for a hamburger, A single person making $10k has money left over to buy a little less than 5 hamburgers a day.
A single person making $100k has enough money left over to buy a little more than 43 hamburgers a day.
10 people who make $10k can still only afford 50 hamburgers a day between them after tax, only a little bit more than the guy making $100k. That's why we have a progressive tax system. We think the guys making $10k should be able to eat and the guy making $100k probably shouldn't eat 8 times as many hamburgers as the guy who makes $10k. C'mon. I know you're aware that the rates for the tax brackets have changed over time. Surely you know that the top tax bracket was well over 50% for most of the 20th century, and is now lower than that. |
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