Monday, July 11, 2011

Why do tax brackets work this way why is it that a Rich/Wealthy person the first few 000 dollars may be taxed?

Money becomes less valuable as you have more of it--money to buy food is very important, money to buy your own house is great, money to a private jet is a luxury. As the larger amounts of money are not worth as much, it is acceptable to tax more of it.

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