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Reply #37: oh, I see. Well, the slice of the dollar pie is totally irrelevant. The RATE is most relevant. [View All]

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Justitia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 09:41 PM
Response to Reply #29
37. oh, I see. Well, the slice of the dollar pie is totally irrelevant. The RATE is most relevant.
For example, an income tax bill of $1,000 means something totally different to a person making 10k than it does to a person making 100k. (Were it not adjusted for progressive taxation rates)

We expect that if your total dollar income is higher, the total dollars you pay in taxes is higher too. There is a finite amount of dollars collected, so progressively the highest income earners would have a bigger slice of that pie.

Was this news to anyone? It's simple multiplication, but it sounds like he was trying to make it something more profound than it actually is.
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