Weatherman2020
Diamond Member
- Thread starter
- #201
It is not opinion that someone in a 20% bracket pays 20%.Going into a higher bracket makes you pay more, Dufus.I know it's how a progressive tax works. At some point you transition into a higher bracket. And that's based upon a fixed dollar amount.
So you think that if the cutoff between brackets is say $100,000 that a person making $100,001 is going to pay thousands more than a person making $100,000?
Yes I get that, but I don't know if you understand how a progressive system actually works.
So using my example above. Lets say the rate for $100,000 and under is 10% and $100,001 and above is 20%.
How much more would someone who makes $100,001 pay than someone who makes $100,000? Just one dollar more in salary, means they pay how much more in taxes? What do you think?
You obviously have no clue as to how tax brackets work.
That doesn't even make sense. I didn't give any answer. I asked for your opinion.