If most taxes *aren't* paid by people in given group, should be easy to reduce burden those people pay https://www.bloomberg.com/view/articles/2017-10-02/why-it-s-so-hard-to-cut-the-middle-class-s-income-taxes … ht @TimAeppel
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You could make it so 4/5 of Americans pay zero income tax and total take would only decline by 17%, why not do that?
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Replying to @M_C_Klein @TimAeppel
One reason is technical. Suppose you say: people earning less than $1,000,000/year don't pay tax, those earning more pay X%.
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That creates an incentive to reduce your income, to increase your effective after tax income. Thus you must make the taxes graduated.
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When you make the taxes graduated, to keep taxes at the same level, you need to increase the number of people taxed.
4:31 PM - 2 Oct 2017
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