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.

Direct taxes in U.S. were first used when a war needed funding

schools have gender studies

My argument wasn't about best tax systems

taxes pay for gender studies 😛

Uhh thats not how tax brackets work Grenade

I don't care if colleges have gender studies.

tell me how that is not a punishment for making more money?

I care if colleges repress ideas.

its like gender studies was designed specifically to be a wasteful gouvernment expenditure

@Grenade123 nobody supports that system, when people talk brackets they mean progressive tax bracket

My argument was about so called 'trickle down economics' or economics, as anyone else calls them

Tax brackets work like this. Say 5 10 15% fo simplicity

@Grenade123 income in that bracket gets taxed at that rate

It is Julz

Gender studies is a 0 job opportunity major,

Meaning those people will become poor/useless, and thus want extra benefits from the state (so another voter for welfare)

5% Up to 5000, 10% from 5000 to 10000 and the 15% on anything over 10000