Friday, July 6, 2012

Progressive Tax Brackets Explained to Me

This post is in response to my earlier, erroneous post.  I don't have much I want to say, really, but I did want to share another snappy spreadsheet:



This just illustrates that the amount of money you take home always increases as your gross income increases.  This pretty picture shows the same thing.



The lines aren't perfect, as we have quite poor resolution with our limited number of data points.  Still, the idea is clear. You make more, you take home more.  Nobody is being punished.  No one has ever been punished for making more money.  People are stupid.  That's about all there is to say about that.

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