Individual income taxes are very progressive: If you make $50,000/year, you pay 16% in taxes If you make $100,000/year, you pay 22% in taxes If you make $500,000/year, you pay 32% in taxes In contrast, business taxes are completely flat. The federal corporate income tax rate is a flat 21%. Which means that: A small … Continue reading The Best Way to Break Up Mega-Corporations: Progressive Taxes
