Re:US Senator Warren Introduces Bill to Simplify Tax Filing
by mjevans on Wednesday April 13, 2016 @06:22PM
(#11492818)
I can't seem to locate a graph (within my time constraints) that shows, by percent (not by grouping higher/lower) how much, relatively /each percent/ or each income bucket pays in taxes.
A fair tax system would not have a hump, or a ramp that then levels off, but would instead be a slowly rising graph with a continuously accelerating rate of being taxed, such that past some arbitrary point that extra return for every unit earned is virtually nothing (reflecting the stratospheric difference that already exists).
I say that would be fair because I believe that even a truly exceptional person, let us say that they are unquestionably a genius instead of merely someone particularly good at business, is not worth 1000s of times or more what someone else is worth.
If you're earning more than 1000s of peoples worth of taxes, you should be /paying/ like you're 1000s of people (without the per person tax credit).
This however comes close.
https://en.wikipedia.org/wiki/Progressivity_in_United_States...
A fair tax system would not have a hump, or a ramp that then levels off, but would instead be a slowly rising graph with a continuously accelerating rate of being taxed, such that past some arbitrary point that extra return for every unit earned is virtually nothing (reflecting the stratospheric difference that already exists).
I say that would be fair because I believe that even a truly exceptional person, let us say that they are unquestionably a genius instead of merely someone particularly good at business, is not worth 1000s of times or more what someone else is worth.
If you're earning more than 1000s of peoples worth of taxes, you should be /paying/ like you're 1000s of people (without the per person tax credit).