| $10,000 | $1,585 | 15.8% |
| $20,000 | $3,282 | 16.4% |
| $50,000 | $8,589 | 17.2% |
| $80,000 | $14,068 | 17.6% |
| $100,000 | $17,783 | 17.8% |
| $200,000 | $36,820 | 18.4% |
| $500,000 | $96,365 | 19.3% |
| $1,000,000 | $199,526 | 20.0% |
| $10,000,000 | $2,238,721 | 22.4% |
FORGET INCOME!
TAX CONSUMPTION!
Seems a bit harsh for the poor, while the guys making 10x or 100x income are paying 2 to 4% more tax.
Maybe 5% * [income^1.07]
Is there an online excel spreadsheet we could post this on? We could tweak the exponent and the flat tax coefficient & post the results.