Quote:
Originally Posted by JacobAziza
Another hypothetical example:
lower class guy: 10k
middle class guy: 75k
upper class guy: 250k
Progressive tax:
10k * 10%: 1k
75k * 30%: 22k
250k * 60%: 150k
total income: 173k
flat tax:
10k * 20%= 2k
75k * 20%= 15k
250k * 20%=50k
total: 67k
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You know this thread has totally blown up and has nothing to do with gas tax now. However, you obviously did not read the entire first 4 pages of the thread carefully enough to notice the statement that with the implementation of a flat tax, there would be no deductions, at all. Your $173K of "revenue" would actually be closer to $35K. Poor argument.
Looks like our own poll has concluded. Thanks to all who participated.