View Single Post
Old 07-23-2010, 08:14 PM   #2339
Happy Monkey
I think this line's mostly filler.
 
Join Date: Jan 2003
Location: DC
Posts: 13,575
There are plenty of additional factors; I was describing the way progressive taxation works in general, using the simplest set of circumstances (single, no kids, no other complications). Wherever your set of circumstances places the point at which you start paying taxes, you only pay those taxes on the amount past that point.

You don't suddenly start paying 10% on all your income once you make it past some breakpoint. Everyone pays 0% on the amount of their income counted as deductions and exemptions. Wealthy people pay 0% on many many more dollars of their income than poor people do.

They get more benefit, too, though it's not always in the form of straight up cash, as with many programs that help the poor.
__________________
_________________
|...............| We live in the nick of times.
| Len 17, Wid 3 |
|_______________| [pics]
Happy Monkey is offline   Reply With Quote