I said tax rate.
Tiered tax is a bracket based proportional system.
Basically the ploy is that dems wants the proportional ( in its current formation, bracket/tiered) tax rate, repubs want the flat tax, which is by nature an inversely proportional tax rate.
sorry canna, u got me pissed lol its a free forum.
A flat tax rate, would tax all people %xxx of their income, regardless of income level. The dollar amount they pay is proportional to their income level.
A flat tax would tax everyone $xxx dollars, regardless of income level. The dollar amount they pay is inversely proportional to their income level.
A proportional tax rate taxes people %xxx, based on their income level. The dollar amount they pay, I forget the multiplication relationship term, is also proportional.
A tiered tax rate taxes peoples income in different amounts, it lumps the income into separately taxable brackets. The dollar amount they pay is proportional to their income. The effective tax rate they pay is proportional or inversely proportional to their income, depending on current fiscal policy.