Taxes
Storyboard Text
- Slide: 1
- Well I shouldn't have to worry as much I don't have any kids
- Hey new neighbor my name is Andy and I just finished building my house considering I make 200,000 a year
- Hey I'm Bob and woah that's a lot of money, I only make 30,000 a year but at least I pay less taxes. I also have 3 kids which can be good and bad, especially in this neighborhood good luck with the prices.
- Slide: 2
- What?! I had to pay 26,000 dollars in federal income tax how is that even fair. Buying this car really did hurt my wallet after paying taxes.
- Well you do make 4x the amount that I do and I told you the prices would be weird. That's because this neighborhood is ran through progressive income taxes
- Hey Andy ! We finally got our income for this year and I barely had to pay that much federal tax income. I only had to pay about 4,0000, so I got to buy this new car!!
- Slide: 3
- What does that even mean Bob?
- Ohhh so since I have more money and pockets they are just being taken from that since I have more money to spare and stimulate the economy?
- Well with progressive taxes whoever is wealthier will pay more and since people that are more wealthy have higher brackets and more pockets. This then allows lower and middle class to not struggle as much since they do not have much to live off int he first place. So since you earn a lot more than me then you are the one paying a higher percentage. Since you don't have kids you do not get any money from the amount of kids you have.
- yeah basically that why being poor and having kids can have its upsides and down sides all because of the way we work in a progressive income tax community.
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