This may be too simple but if I earn $100 and my bills n debt consolidation total $90 then my liability would be 90%. Correct?
I agree with that and I think it is an important principle.https://twitter.com/iamquixano/status/897519475259396097 …
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Don’t think so? Your (non-tax) bills aren’t included. Just total tax burden as % of income.
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again I ask: Marginal or Average? Because 50% average implies much higher marginal! So are you okay with a 90% rate on your last dollar?
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Yes. Because such a tax rate taxes away unearned income.
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I'm just stating that we are we getting the cart before the horse- we need to talk spendining vs. tax % rates.
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so 50% ...like it was under Reagan? Sounds good to me
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The gov issues the dollars we use to pay tax. U have your flow of funds upside down.
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U do not issue our national currency when u pay tax.pic.twitter.com/VtznJ1OqTN
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