That's 650,000 after taxes

fair is not always better though is it?

Flat tax is fair.

And the rich still pay the most.

Now, decrease that tax by just 3 percent to 32,000

yes, but better is subjective

No tax if you're a billionaire is great

If you're poor its awful

90% tax on the 1% is good for the poor, but horrible for the rich

They can then afford exactly one more employee at 30,000 a year

with Flat tax of like Rye said 35%

a person who makes
1,000,000
will pay 350,000 taxes

and a person who makes
10,000

will pay 3,500 in taxes

So rich still pay more

That's just 3 percent of a million dollars

There is a curve though when taxing people

besides, just scrap congress income a bit,

Not like those old farts are gonna need that money,

They don't use drugs, or hookers, or anything thats fun and costly, and will cause a scandal

So when they talk about taxing companies more

Does the curve stay the same at every level?

flat tax means everyone pays the same %

They're talking about amounts the size of employee salaries

If you're running a razor thin margin

And you get a 3 percent tax hike

Consumption Tax seems to make sense to me, but I don't know how well it would really work.

That's a man down

Easy

best part about a flat tax? no more tax brackets, except maybe at the bottom end.

I mean the laffer curve

dafuq is a Consumption tax?

I like brackets personally

I was using a flat tax as an example

if you make the bottom end of a tax bracket, you could be taking home less money than if you were in the higher end of the lower bracket

I get out near the top of the tax brackets regardless so, it doesn't really matter to me.

in other words, you end up making less money from a raise

that seems like a punishment to me

no

So, that 3 percent tax hike that equates to an entire employee's salary

not in progressive tax system

making more is always better

depends on the tax system

Is hitting across the board

Meaning less money in the econony

whatever the current system is, that is how it works

In the progressive tax system you make less from a raise the more money you make.

It sinks back into the system

if you pay 30% tax at 50,000 a year income

And 35% tax at 51,000 a year income

You're gonna lose out 😛