in other words if a poor family makes 10k a year and the tax rate is 10% then they would pay $1000. If a rich person makes 10 million a year they would pay $100,000.
2007-06-16
16:03:33
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2 answers
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asked by
Anonymous
in
Business & Finance
➔ Taxes
➔ Other - Taxes
oops, typo'ed the number. sorry about that.
2007-06-16
18:34:12 ·
update #1
bostonianinmo, I am generally quite forgiving of people's typo errors on the internet. I would appreciate the same courtasy that bull rooster showed to me. As for the numbers, I paid roughly 12k in income tax last year on a 66k income. what do those numbers tell you?
I would be in favor of a lower end cut off limit for the extreamly poor, maybe 25k per year? but all and all I am still in favor of the idea. Hurling insults at me did not further your ideas or your cause with me.
2007-06-16
18:44:45 ·
update #2