Quote:
Originally Posted by OrangeBlossomBaby
Well then let's go the other way around. The lowest income that actually pays tax, is taxed at an 18% rate. That lowest income gets the standard deduction, because they don't earn enough to itemize.
Let's apply that to ALL income earners. EVERYONE pays 18%, and none of them get to itemize. Standard deduction only.
I'm okay with that.
|
That 18% is the MARGINAL rate, not the EFFECTIVE rate...
They actually (effectively) pay NOTHING...