I am really confused on what is called a progressive tax. If you have experience with this please reply a simple yes or no on whether it works ok. Thanks
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I am really confused on what is called a progressive tax. If you have experience with this please reply a simple yes or no on whether it works ok. Thanks
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I thinks it’s what we got now. The more you make the more they take. That’s all. Progressively gets larger the more you make. Dono. But thanks to keep politics out, we don’t want to go there.
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This ^^^^Quote:
Originally Posted by Slab
I would just add that the tax rate is what increases as your income increases. This is as opposed to a flat tax. With a flat tax, everyone would pay the same rate, but their total tax bill would increase as their income increases.
It all sounds good, but the process is corrupt.
and super rich pay little, how much do you need to make when they start taking less......
The problem with the progressive tax bill in Illinois is, they are including with it the ability to change taxes in the future without ballot approval. A big NO vote for me.
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Progressive is a BS word to start with... that really doesn't have a meaning... but can be... and usually is... whatever the claimant organism wants it to be.
I shy completely away from anything that claims to be "PROGRESSIVE" because it almost always brings infinitely worse things than it claims to be improving.
Tax laws are designed to squeeze money from the middle class. This is where the money resides. Besides, most of us do not have the "means" to escape the greed of government.
We have about 150 million people earning above the poverty line. if you just multiply 150 million x $23,000 , well that is a lot of loot for the looters to loot.