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hfojvt's Journal
Posted by hfojvt in General Discussion (1/22-2007 thru 12/14/2010)
Fri Jan 04th 2008, 03:01 PM
Try our flat tax calculator to see how much money rich people could save with a flat tax.

1998 figures from 2001 SAUS numbers in billions of dollars

number of ^^ AGI ^^^ AGI total ^^^ Income tax ^^ 17% flat tax ^^ savings
filers
172,000 ** >$1,000,000 * 533.5 **** 146.8 **** 90.7 *** 56.1!!!!
207,000 ** >$500,000 ** 207.6 **** 58.5 **** 35.3 *** 23.2
1,606,000 * >$200,000 ** 463.6 **** 111.5 **** 78.8 *** 32.7
total ------------------------------------------------ $112,000,000,000


So if taxes are frustrating you, just be thankful that we do not have a flat tax that would force you to pay a share of $112 billion more.
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