Re: What is Trump's tax rate?
Posted by:
Libtard Tax Prep Service
()
Date: July 04, 2015 01:39PM
Gerrymanderer2 Wrote:
-------------------------------------------------------
> Yeah but the fact remains that your logic is poor
> people should pay all their wages in taxes because
> the rich have more and pay more.
>
> Thats your demented disturbing vicious and
> dispicable logic.
Sorry, your bullshit ain't gonna fly. Nobody has ever suggested that. In fact, in addition to not understanding how percentages work you don't understand how marginal tax rates and our tax system works.
Juan or whatever his name is only pays that 30% (which in reality he wouldn't at that income level) on the last dollars earned above whatever rate, not on every dollar earned up to whatever highest rate he may hit. So his overall effective average rate will be half if that. Then when he files his taxes, in addition to whatever refund he'll get back, he'll also qualify for various tax credits which will lower that to nothing or generate a net credit. In addition to whatever other social benefits that he and his family may receive otherwise at lower income levels.