Quote:
Originally Posted by JayJamJah
I have to say Ethan, as a "rich" person, the taxation system is definitely not slanted in my favor, I pay twice the percentage relative to my income in taxes as minimum wage workers.
Are you telling me you think I should pay more?
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Even if you were paying the highest tax bracket, 35% and (quick math here, federal minimum wage is 6.55, assuming they work a 46 hour week, which is the average amount of hours a person works per week then they make 301.30 a week, times that by four then by twelve then they're making 14,462.40 a year. Which places them in the 15% bracket.) So that means, assuming you're in the highest tax bracket, that your percentage is 2.3 times as much as there's - seems unfair right? But keep in mind if you're in the 35% tax bracket then you're also making $372,950 a year to their 14,462.40 a year. Which is 25 times as much income as they are, so paying 2.3 times more of a percentage isn't exactly a big deal no?