Taxes

The US has the most progressive income tax in the world. Progressive meaning as you earn more the percent in tax you pay increases. For example. A single person earning $50,000 gross will pay $3,871 in federal income tax. A single person earning $500,000 per year will pay $144,546 in federal tax. The income is ten times higher but the tax is 38 times higher. Under the new big bill, a family of four could earn $78,000 and pay zero income tax. About half of the workers pay no income tax but they do pay payroll tax (social security and Medicare)