>>3355897>>3355895>>3355900Alright so in every first world country, as far as I'm aware, taxes are levied on a progressive ("sliding") scale. At least that's how it is in the US, and America is the only country that matters so let's get to it.
This is a simplified explanation but: your tax rate is dependent on how much you earn. Generally speaking, a person or business earning $30,000 a year will pay a lower percentage of their income to taxes than one earning $3 million. So, for example, earning $30k you might only pay 20% in taxes whereas earning $3 million you might be paying 35%.
But you aren't taxed at a flat rate across all your income; this is where tax brackets come into play. Tax brackets define the percentage you pay in taxes for successively higher brackets of income. So, for example, the first $10,000 you earn may be taxed at 12%, the next $30k taxed at 15%, the next $50k taxed at 20%, and so on.
In other words, if you earn $9,999 (taxed at 12%) but then make another $5 and get bumped into the next tax bracket (taxed at 15%), you don't pay 15% on all $10,004. You pay 12% on that first $10k, and only the last $4 are taxed at 15%.
Does that make sense? Let me know if I didn't explain it well enough, because if you're actually running a business you seriously need to understand how this shit works.
>>3355900>You are also about to prove that you don't know the difference between corporate and personal, here it comes.Maybe you don't.
>The individual and corporate income taxes and the estate tax are all progressive.https://www.taxpolicycenter.org/briefing-book/are-federal-taxes-progressive>>3355903>using a tripcodeThe irony is palpable.
