4 ms·

Not to be the nitpick guy, but you meant 50% tax is double the price. 100% tax is simply taking ALL YOUR MONEY lol

• alwayslikethis 2y ago
  Sales tax is added to the price. 50% means to add 50 cents for every dollar you pay. 100% is double price.
  • EGreg 2y ago
    50% tax on income, for instance, is taking half the money from your income.
    • littlestymaar 2y ago
      Income tax is calculated differently than sales tax (but most of the time it's progressive taxation which means you only pay the the 50% rate on your marginal income and not on the whole: my marginal income tax rate is 41% but I pay only 9% of my income as income tax for instance)