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View Diary: Do YOU understand how tax brackets work??? (25 comments)

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  •  We could end this confusion once and for all (1+ / 0-)
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    by changing tax forms so people would have to calculate the amount they owed, by bracket.

    First 20,000 taxable income ____
    multiply by 15%                                        
    Next 40,000 taxable income _
    multiply by 19%                                        ____
    Next 60,000 taxable income ____
    multiply by 22%                                        

    and so on. Then add all the individual multiply by amounts to get total tax owed.

    Yes, it would be a tiny bit more work for our math challenged population, and the tax booklet would have to have tables for each percentage, and some people would mess up. But good gawd awmyttie, 23% of Kossacks don't know how to figure out how much they owe!!! (umm... is 23% a lot or a little?)

    This vampire meme has been around since at least the 50s, when I recall my parents talking about it, since my mother made a side income selling stuff at crafts fairs. Time to kill it for good.

    A side benefit is removing a major Republican talking point/cause of outrage. I'm getting really tired of it, aren't you?

    "The problems of incompetent, corrupt, corporatist government are incompetence, corruption and corporatism, not government." Jerome a Paris

    by Orinoco on Tue Nov 20, 2012 at 12:06:36 PM PST

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