04-16-2015, 10:01 AM
I see your math, but still have a couple of questions.
I'm pulling down a solid $15,000 a year, and the exec is getting $250,000. Are we actually in the same tax bracket?
In addition, wouldn't he have access to exemptions that I wouldn't?
Why is the new flat tax now 15% instead of the original 9%? Would it be necessary to raise the percentage almost 100% if people who previously made hundreds of thousands or more a year were now paying 9% when they were paying nothing?
Is the presumption then a flat tax rate without exemptions would not equal the current tax revenue unless that rate were significantly higher than the lowest rate now in force?
I'm all for paying as little tax as possible while paying My Fair Share. It's just that I have never been able to wrap my head around the "you make more so you should pay more" tax model.
I'm having an Excedrin moment.
Time to Option-Cmd-Eject.
I'm pulling down a solid $15,000 a year, and the exec is getting $250,000. Are we actually in the same tax bracket?
In addition, wouldn't he have access to exemptions that I wouldn't?
Why is the new flat tax now 15% instead of the original 9%? Would it be necessary to raise the percentage almost 100% if people who previously made hundreds of thousands or more a year were now paying 9% when they were paying nothing?
Is the presumption then a flat tax rate without exemptions would not equal the current tax revenue unless that rate were significantly higher than the lowest rate now in force?
I'm all for paying as little tax as possible while paying My Fair Share. It's just that I have never been able to wrap my head around the "you make more so you should pay more" tax model.
I'm having an Excedrin moment.
Time to Option-Cmd-Eject.