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I am aware how they work. I get that all earning up to a point are taxed under bracket x, and then after that are taxed at bracket y, and so forth. Unless you m
by liquidise 11y ago
I am aware how they work. I get that all earning up to a point are taxed under bracket x, and then after that are taxed at bracket y, and so forth. Unless you mean something else in which case i welcome you to explain where i have erred here.
If that is in fact what you mean, it still changing absolutely nothing. The effective tax rate on folks in these upper brackets would still be enormous.
But i guess piggybacking baseless comments is an easy way to avoid justifying these stances. I still have not seen someone say how they are justified in taking that much money from people while feeling ethical.
- lfowles 11y agoMy POV: Even with extraordinarily high taxes at the higher tiers of the brackets, is that not enough for the rich to live quite well? IFF funding government (for example, if an effective basic income program was in place) was better than everyone doing their own thing, then I see no big loss from flattening the take-home income curve. If they want to live extravagantly, income tax isn't going to be a big hurdle, which is why I mentioned capital gains as well.