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View Diary: Occupy the tax code: why taxing the rich will make the economy soar (79 comments)

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  •  Wholly Incredible! (2+ / 0-)
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    Keith Pickering, elwior

    You have explained and simplified this wonderfully; thank you, this is very, very helpful.

    I had a little chuckle at this...

    I simplified things by using a logarithmic scale: I started with an income of 103.5, or $3162, then went to 103.6 =$3981, and so on, up to 107 =$10,000,000. I computed income tax and payroll tax in constant 2011 dollars for each such income level using the tax brackets for each year, and a final tax rate for both combined.

    lol, you "simplified" things. That looks far from simple to me.

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