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 😛

unless you are telling me that isn't what has happened to my family and friends from time to time.

That means sales will likely drop as well

@RyeNorth it depends on how much tax there is to begin with

I gave a very specific and realistic example

You only pay the increased tax on the income above the bracket.

There is a point where increases do become constrictive

Million dollar a year projected income

At 35 per, against 32 per

That's a small business doing well.

Your local Jimmy John's pulls those numbers alone

If we do flat tax, would small business not have to pay a greater share?

No.

time to throw this convo around,

Look guys, we can argue all day about what tax system works best,

But in the end, We just gotta scrap massive budget costs!

The state doesn't need to tax that much if it maintains a tight budget!

Yes yes yes

no doubt

I honestly think if you want a flat tax, a consumption tax makes more sense.

gouvernment not spending alot???????/// WHAT KIND OF BLASPHEMY IS THIS

fire the Gender Studies department of Government!

We'll save millions!

XD

There is no gender studies in government.

Unless you mean state colleges.

Your taxes pay for schools

Tax bracket: i make 1000 a year, thats just at the top edge of my bracket. i get taxed 1%. so i take home 900 bucks. now i make 1010 per year, but now i'm in a new bracket. my tax is 2%. i now take home 808 bucks.