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BigV · 09-27-2011, 09:57 AM

Hey Clodfobble, I'd like to see a cite for your position there. I'm looking now for a easy, clear explanation myself, but it is my understanding that our system does NOT work that way. We have a progressive system of income taxation, meaning the statutory rate increases for increasingly large levels of income, just like ZenGum outlined in post #72. That's where the phrase "tax brackets" comes from.

I'll post again when I have a source more reliable than wikipedia.

09-27-2011, 09:57 AM	#11
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Hey Clodfobble, I'd like to see a cite for your position there. I'm looking now for a easy, clear explanation myself, but it is my understanding that our system does NOT work that way. We have a progressive system of income taxation, meaning the statutory rate increases for increasingly large levels of income, just like ZenGum outlined in post #72. That's where the phrase "tax brackets" comes from. I'll post again when I have a source more reliable than wikipedia. __________________ Be Just and Fear Not.