Poll Update

Thanks again to everyone who participated in my latest poll on how much tax should a family earning $40,000 pay. I was curious to see what the median or middle answer would be. Since I used 5% blocks, I’d have to estimate that it was about 8.2% which comes to a tax bill of $3,280.
The earlier poll asked how much should a family making $250,000 pay, and that median came to about 22.6% or $56,500.
There are lots of ways to reconcile the two answers but one would be (roughly, not exactly) a flat rate of 25% on income above $27,000.

Posted by on May 4th, 2009 at 7:00 pm


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