Quote:
Originally Posted by MelBridgeman
MATH IS HARD BRO
Let's make this real real real simple for ya, ok buds?
If I pay a 5 percent tax on a 1000 dollars that is 50 dollars in tax
If I then pay 6 percent tax on a 1000 dollars that is 60 dollars
That is 10 dollars more!
That is an increase of WAIT for it 20 percent.
60-50/50 = 10/50 = 0.2 X 100 = 20%
So are you claiming that is not a 20 percent increase in your tax bill? Did you get out of elementary school?
Good lord.
[/MATH]
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But if tax was 1% and was raised to 2% that’s a 100% tax increase.
And if tax was 99% and raised 1% it would only be a 1.01% tax increase
Yet in all of these cases the increase would be $10.
I think using either the % change out of total income or the % change in after tax income are more representative of what happens to the individual.
In the 5-6% tax change a persons after tax income goes from 950 to 940 so a 1.06% reduction in after tax income. In the 99% to 100% case a person loses 100% of after tax income.
Essentially the 20% corporate tax increase was presented in a manner designed to overstate its affects the correct measure would be the reduction in profit as a result of the tax increase.
You can be technically correct while intentionally misleading.