this post was submitted on 18 May 2025
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Economy
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That looks like an incredibly regressive tax table. It his the poor much harder than the rich in the basic needs of life (food, clothing, shelter).
You want someone that has an income of $11,600 to have a tax bill of $2,088? And someone making $47,150 have a tax bill of $13,767.30? Keep in mind you're just talking federal taxes, so those folks may have State income tax and possibly city income tax too, on top of property tax and sales tax.
It is actually progressive, it's specifically a progressive addition to existing tax rates, which happen to be barely progressive. At least until tariffs are taken into account.
I'm not saying I like these rates, they're just the rates required to balance the budget. There are always cuts, and other measures that could offset the tax rates.
How will the average person on that level of income fair after including the earned income tax credit?
Do you think everyone qualifies for that?
It is based on income and household size. If you earn above the threshold, it won't apply.
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables