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To: central_va
10%- Total yearly income up to $9,525

Is exploited by the Democrats and allows them to say low wage earners get nothing.

When you think about it, if people in this tax bracket had to pay 0%, they would take a huge hit once they crossed that threshold.

In order to make it fair ... that workers at this low wage pay less taxes, they would have to create about 10 bracket just for $1000 to $10,000 per year earners.

The point is, no matter what the schedule, the moment they cross the taxable threshold they take a giant hit. Like if they made $1-$25,000 0% taxes, and $25k-$50k %10 people would have to be earning 28k just to make as much as they made at $24,999.

They try and solve problems like these with deductions.

15 posted on 12/21/2017 4:31:54 AM PST by Fhios (1987: Where's Waldo -- 2017: Where's Jeff Sessions.)
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To: Fhios
The point is, no matter what the schedule, the moment they cross the taxable threshold they take a giant hit. Like if they made $1-$25,000 0% taxes, and $25k-$50k %10 people would have to be earning 28k just to make as much as they made at $24,999.

They try and solve problems like these with deductions.


Huh? I don't think you understand how deductions work. Using your example, you aren't suddenly taxed at 10% on all your income, you're only taxed at 10% of the $1-25k you make in the $25k-50k range. Someone who makes $28000 is only taxed on $3k - the first $25k is deducted. So that tax bill would be $300, NOT $2800.
32 posted on 12/21/2017 7:40:47 AM PST by Svartalfiar
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To: Fhios

You better go back to math class. Only 3000 subject to 10% rate. That amounts to $300.


33 posted on 12/21/2017 7:40:55 AM PST by CMAC51
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To: Fhios

>>10%- Total yearly income up to $9,525
Is exploited by the Democrats and allows them to say low wage earners get nothing.<<

Then the Democrats are lying, but that’s what they do. No surprise there.

A couple making, for example, $30,000 would see taxable income drop from $8,700 to $6,000 (30,000-24,000 in deductions) and at their 10% rate their taxes would go from $870 to $600, a 31% drop.


36 posted on 12/21/2017 11:16:20 AM PST by Norseman (Defund the Left....completely!)
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