3 ms·
Um, no. 29.4 is > 26.9 no matter what the average earnings are.
by harryh 11y ago
Um, no. 29.4 is > 26.9 no matter what the average earnings are.
- deleted 11y ago[deleted]
- jrock08 11y agoLet me try to explain with a very very simple example why the average person might pay less, even though the average tax might be higher. Person 1-10 make $10. Person 11 makes $100 Case 1, a flat tax of 30% Person 1-10 pay $3, person 11 pays $30, for a total tax of $60 on $200 total income, that is 30%. Case 2, a progressive tax of 1% on income up to $10, and a tax of 80% above that. Person 1-10 pay $1, Person 11 pays 1% on $10 and pays 80% on $90 which is $72, a total tax of $82 on $200 income, a 41% tax!!!