'de Ol'Dogger's Graduated Income Tax' (promotoon for slideshow of)

junyabee:
'de Ol'Dogger's Graduated Income Tax' (promotion for slideshow of) - Classified Ad


Promotion for a revised graduated Income Tax (slideshow). Condition is "New".
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'de Ol'Dogger's Graduated Income Tax'
The lower and upper brackets are:
20,000 (or below the the poverty line): No income tax. Earned income tax credit 4000 per joint filer; 2000 per dependent /1 of 6

100x's the median income (60,000/60,000,000) when no employees or charitable donations: begins, starting at 75% of first dollar over the 100x's median income mark.

Those upto 50% over the poverty line: 5% income tax on first dollar over 25% poverty line. /2

From 51% to 500% over poverty line: 10% income tax over first dollar over 25% poverty line

Over 500% poverty line to 99x's above the median income, with no employees and no donation: 15% of first dollar over 500% over poverty line /3

Over 500% poverty line to 99x's above median income w/employees or charitable donations: 7.5% of first dollar over 45% over the poverty line /4

Ultra-rich have learned, know, and have ways to get more income. Get credits for what they do for the human or inanimate infrastructure beyond their personal household. /5

In contrast, the lower end gets credits for expenses that don't cover the necessities (shelter, food, utilities, transportation, school/work clothes) of the household expenses. 6/6


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