3 ms·
The easier way to explain it is with a formula: Taxes = -10 + 0.3 * BTI So after tax income becomes: ATI = 10 + 0.7 * BTI (You can put on progressive taxes
by rjtavares 12y ago
The easier way to explain it is with a formula:
Taxes = -10 + 0.3 * BTI
So after tax income becomes:
ATI = 10 + 0.7 * BTI
(You can put on progressive taxes there, but I tried to simplify)
- tempestn 12y agoThat's literally just a restatement of basic income. It's not technically a negative tax "bracket", where tax bracket is a range of incomes on which one pays a given marginal tax rate. I think cdcarter has it right.