2 ms·
Funnily enough, this is close to a flat tax with the total amount offset by the poverty line (so that the amount paid is zero or negative when income is low).
by microcolonel 9y ago
Funnily enough, this is close to a flat tax with the total amount offset by the poverty line (so that the amount paid is zero or negative when income is low).
Added: Something along the lines of 0.16 * income - 0.16 * 12000 or (income - 12000) * 0.16.