Last edited by Kreton; 04-17-12 at 12:30 PM.
In the first case ones tax bill would be $75,000.00 while in the second case it would be $7,500.00. Thus even though the rate is the same percentage, higher income earners pay more actual dollars.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
We both pay 15%. I know what your trying to do here. Either you want to pay $0.15 in taxes or you want someone who makes $1 to pay $15,000 in taxes. Both scenarios are retarded. Neither is fair. Fair is paying the same percentage no matter what you make.