09-28-2012, 11:51 AM
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#4
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Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Quote:
Originally Posted by Homeslice
1) tax rates are incremental not total, so it isn't 75% of all your income, it's 75% of the portion that was above a certain $ amount
2) I seem to recall that the US had similar rates once before
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U.S. Had MUCH higher top bracket rates
http://www.taxpolicycenter.org/taxfa....cfm?Docid=213
http://www.ntu.org/tax-basics/histor...ividual-1.html
(keep in mind its bit more complicated the just top and bottom brackets in the chart)
http://www.taxpolicycenter.org/taxfa...39&topic2id=30
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Quote:
Originally Posted by Dave
feed your dogs root beer it will make them grow large and then you can ride them and pet the motorcycle while drinking root beer
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