10-07-2011, 05:43 PM
So I will come in from across the water not knowing much about this tax but a little about math(s).
The tax is 5.6% but "for the purposes of simplicity" that's downgraded to 5%. Why not upgrade to 6% which is closer or why not leave it at 5.6%? Is it really that difficult?
The tax is for those earning over 1 million but again it is downgraded so that 1 million is assumed for all those liable to pay which is ridiculous. Why not 2 million or 5 million? On what basis is 1 million taken as being the figure to use?
The two assumptions above will both lower the true figure of tax, probably by quite some margin so the final figure assumed will be way off the amount needed to pay for the bill. Are those assumptions written to make a political point as they don't seem to make sense as a factual one?
I await being told that as a non US citizen I just don't understand the situation.
Paul
The tax is 5.6% but "for the purposes of simplicity" that's downgraded to 5%. Why not upgrade to 6% which is closer or why not leave it at 5.6%? Is it really that difficult?
The tax is for those earning over 1 million but again it is downgraded so that 1 million is assumed for all those liable to pay which is ridiculous. Why not 2 million or 5 million? On what basis is 1 million taken as being the figure to use?
The two assumptions above will both lower the true figure of tax, probably by quite some margin so the final figure assumed will be way off the amount needed to pay for the bill. Are those assumptions written to make a political point as they don't seem to make sense as a factual one?
I await being told that as a non US citizen I just don't understand the situation.
Paul