4 ms·
50% tax on income, for instance, is taking half the money from your income.
by EGreg 2y ago
50% tax on income, for instance, is taking half the money from your income.
- littlestymaar 2y agoIncome 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)