Income taxes should be adjusted to favor the poor over the rich, and the rich should be taxed slightly more than they are now.
Percent | Range | What is Taxed |
---|---|---|
5% | 13,000. | 5% of taxable income. |
11% | 34,845. | 13,000. |
14% | 66,961 | 34,845. |
20% | 91,376. | 66,725. |
25% | 191,205. | 98,375. |
30% | 242,812. | 186,100. |
32% | 607,031. | 236,250. |
35% | 1,022,218. | 584,125. |
45% | $1,022,219 or more. | 1,022,218. |