Couldn't your second disagreement be resolvable simply by setting the tax-free exemption bar higher, and increasing the tax rate above that?
Make it $100,000 and 20% taxes, just so that my example numbers are easier to crunch. THis means that a guy making 100k pays nothing, a guy making 150k pays 5%, a guy making 200k pays 10%, and a guy making a million pays 18%, and a buy making a billion pays pretty damn close to 20%.
20% of a billion isn't much when compared to the whole, but it's monumentally more than 5% of 150k or 0% of 100k.
(As for your first disgreement: The family is in the exact same situation it was last month, or last year. They just pay less tax, now, on their limited income. While it may not solve the problem, I do have difficulty in seeing how it will hurt them in real terms.)
(no subject)
Date: 2007-05-22 08:23 pm (UTC)Make it $100,000 and 20% taxes, just so that my example numbers are easier to crunch. THis means that a guy making 100k pays nothing, a guy making 150k pays 5%, a guy making 200k pays 10%, and a guy making a million pays 18%, and a buy making a billion pays pretty damn close to 20%.
20% of a billion isn't much when compared to the whole, but it's monumentally more than 5% of 150k or 0% of 100k.
(As for your first disgreement: The family is in the exact same situation it was last month, or last year. They just pay less tax, now, on their limited income. While it may not solve the problem, I do have difficulty in seeing how it will hurt them in real terms.)