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But not really. If the person who now makes 85k is struggling to survive on that amount of money (ignore the fact that it's 85k... it could be 40k after taxes f
by dpcx 8y ago
But not really. If the person who now makes 85k is struggling to survive on that amount of money (ignore the fact that it's 85k... it could be 40k after taxes for example), then while its "fair" in that they both pay their percentage, the person who is struggling to survive gets the worse end of the deal.
- larrywright 8y agoKind of. You could leave in the current credits you get for dependents, for example, so that a person making $85k with a wife and three kids doesn’t pay quite as much as someone making $85k and single. It’s hard to imagine how a single person making $85k would be struggling if they weren’t mismanaging their money, but I’m willing to be convinced otherwise.
- bryanlarsen 8y agoIt's not the brackets that make taxes complicated, it's the exemptions. And all current exemptions are in there for a reason, so once you start cherry-picking some exemptions, it'll be hard not to bring across most of them...
- deleted 8y ago[deleted]
- davidivadavid 8y agoYou can implement it with a floor if you want, although that makes it less "fair" in a sense as well, I suppose.
- BeetleB 8y ago>(ignore the fact that it's 85k... it could be 40k after taxes for example) According to the GP's scheme, it would be over $70K after taxes. Not the best example :-) Anyone earning $85K who has $40K after taxes really needs to get someone else to do their taxes.