Page By Category
Forum - Tax Cuts
[ Add Tags ]
| [ Return to General Discussion | Reply to Topic ] |
| Ez | Posted: Feb 11, 2011 - 05:46 |
| ||||
 Level: 3 CS Original | How exactly do tax cuts work in the US? Is it a percentage based system where the more money you pay towards tax = more money you earn = more money you save from tax cuts? I've seen alot of people complaining about them only benefiting people who are rich or well off. Which would make sense if it used the above system, although technically their still paying more tax, they just notice their tax cut more as they have more money saved from it. | |||||
| #1 | [ Top | Reply to Topic ] | |||||
| AKBastard | Posted: Feb 11, 2011 - 06:57 |
| ||||
 Level: 5 CS Original | A progressive tax is based on income while a flat tax is across-the-income board. Basically how it work is you provide something and I will buy it from you. The amount of poor and middle class people in this country greatly outnumber the rich, so you are more likely to get rich producing something for the poor and middle class that they will want and at a cost that they can and are willing to pay. | |||||
| #2 | [ Top | Reply to Topic ] | |||||