Quote:
Originally Posted by Piscator
You can include Alternative Minimum Tax to the list.....aka extortion
Governments cute little way to force you to work a little less, make less money and be less productive………
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exactly. Also, take into account that many deductions or benefits taxpayers get are reduced the more % you make. For example - parents can take a % of 5k for daycare while they work. but the more $$ you make the % gets less and less. Resulting in a higher % of tax paid aka rate. There are many examples of this. All of which are not captured when you discuss tax rates. Rates are one component.