Re:Switzerland begins tests on the longest train tunnel in t...
by harryh on Thursday January 21, 2016 @09:28AM
(#10945350)
Um, no. 29.4 is > 26.9 no matter what the average earnings are.
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Re:Switzerland begins tests on the longest train tunnel in t...
by jrock08 on Thursday January 21, 2016 @01:02PM
(#10946991)
Let me try to explain with a very very simple example why the average person might pay less, even though the average tax might be higher.
Person 1-10 make $10. Person 11 makes $100
Case 1, a flat tax of 30%
Person 1-10 pay $3, person 11 pays $30, for a total tax of $60 on $200 total income, that is 30%.
Case 2, a progressive tax of 1% on income up to $10, and a tax of 80% above that.
Person 1-10 pay $1, Person 11 pays 1% on $10 and pays 80% on $90 which is $72, a total tax of $82 on $200 income, a 41% tax!!!