I am trying to understand this.
If I decide to work 80 hours instead of just 40 a week, I will be taxed twice as much as the lazy guy?
I am trying to understand this.
If I decide to work 80 hours instead of just 40 a week, I will be taxed twice as much as the lazy guy?
Aren't you already?
But I digress, you will actually pay more than twice as much, Flat Taxes, as they are actually proposed in real legislation, ain't really flat, quite the contrary:
Why Flat Tax Isn't A "True" Flat Tax
http://www.cac.psu.edu/ur/archives/BUSINESS/flattax.html
2-23-96
Charles R. Enis, Associate Professor of Accounting
Penn State's Smeal College of Business Administration
Yes, you will. Under the current progressive income tax, you will likely pay more than twice as much. Higher income "brackets" pay higher marginal rates.