https://old.reddit.com/r/anime_titties/comments/1dzprjk/frances_new_leftwing_coalition_reveals_plans_to/
totally isn't what would happen, but that's A GOOD THING!
I'm surprised counter jerk threads actually pops out against the neurodivergent anti-west commies of anime_tits
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This won't ever pass lol but people on here need to learn what marginal tax is it seems
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educate us
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Marginal tax is the amount payed for the excess income after reaching a determined tax bracket.
Let's asume a 20% for a bracket between 100k and 200k. Asume you earn 150k per year you'll have to pay ((150k-100k)x20)/100 = 10k dollars in tax.
!math !mathematics
@Tonberry
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In addition to your (200k-100k)x.2 = 20k from the prior bracket, right? (and any other prior brackets)
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Yes, I simplified it. I'm editing my example
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What? You'd pay 44k at 280k earnings, or 24% of your taxable income. You left off the tax on the first 100k.
You make less than double the other guy but pay more than four times the amount in taxes.
Talk about paying more than your fair share!
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I was giving a simplified example assuming no tax before 100k
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I know. But your math doesn't add up. The 280k earner would pay 100 x 0.2 + 80 x 0.3 = 44, or 24.44444%, not 24k.
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You're right, I'm going to cut the second 200k plus bracket from my example
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This is technically true but doesn't answer the question at all and is the worst possible way to explain tax brackets.
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I was 5 mins faster but you explained it better
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It means taxing the value of income that exceeds the corresponding tax bracket, not their total income. Say a person is in a β€600k$ bracket and they earned 700k$, only the 100k$ will be taxed 90% not the entire earnings. A 90% tax will still scare off rich people and end up doing more harm than anything but it's not as radical as it may seem at first
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90% marginal tax is essentially a price ceiling on high-value labour.
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All the high value labor was leaving to America anyway.
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