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Are the rich actually taxed at a higher rate? The first x dollars of income are taxed at the same rate for everyone aren't they?
by pmorici 16y ago
Are the rich actually taxed at a higher rate? The first x dollars of income are taxed at the same rate for everyone aren't they?
- megaman821 16y agoKinda, they reach a higher tier of taxes. For example, money above $200K is taxed at a higher rate than $1 to $200K. So their first $200K is taxed just like everyone else's money up to $200k. By taxing the rich, everyone means increasing the tax rate at the highest tiers.