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Does anyone really know what the tax tables are?



seriously why do so many think that at 50k a year they pey more in tax then a person at a million a year?

people dont even understand that if your over a certain bracket that the government makes you donate to charities or face even higher taxes
I do, but those people just need something to cry about.
They mean percentage wise. Not actual dollars.
Yes, actually I do. I don't "pey" more than a person who earns $1M, but it would be nice to get a tax break once in a while like someone who earns $1M.

You know what they say about assumptions...
No, they don't. People think that those with money don't have to pay ANY taxes. They do, they even have to pay a higher percent when they advance into a higher tax bracket.

I think the people you are referring to don't know anything about it because they are the ones who don't have to pay taxes because welfare is not a taxable income.
Because at a million a year, there are two types of earners:

(1) the top executives of industry and finance, whose pay is indeed taxed as you imply;

(2) more commonly, small business owners and investors. Their earnings are capital gains and are not realized, so not taxed; or if they are realized they are taxed at 15%.
Because after 100k those extra little loopholes start adding up.
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