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Topic	What's a fair income tax rate for people making >$300k?
Malcolm_McGuffi 11/13/17 11:40:47 AM #14:	Bullet_Wing posted... Fishy posted... Anarchy_Juiblex posted... There should be multiple brackets above $300k. If we had to put it in a singular bracket, 60%. this is what people say until they start making $300k and then wonder why they're only taking home $120k. You don't understand how progressive taxation brackets work, do you...? That 60% would only be on income earned after the 300k mark. Most people who are anti-taxes don't understand that TBH. They just see the number and say "omg ur taking away 60% of his total income, how will he surviiiiiive" <cite>Malcolm_McGuffi posted [p:890304362] in What's a f... [t:75986526]...</cite> <quote><cite>Bullet_Wing posted...</cite> <quote><cite>Fishy posted...</cite> <quote><cite>Anarchy_Juiblex posted...</cite> <quote>There should be multiple brackets above $300k. If we had to put it in a singular bracket, 60%.</quote> this is what people say until they start making $300k and then wonder why they're only taking home $120k.</quote> You don't understand how progressive taxation brackets work, do you...? That 60% would only be on income earned after the 300k mark.</quote> Most people who are anti-taxes don't understand that TBH. They just see the number and say "omg ur taking away 60% of his total income, how will he surviiiiiive"</quote> ... Copied to Clipboard!
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