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Post# of 704047
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Justin C

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Justin C

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Re: Zeev Hed post# 196928

Sunday, 01/25/2004 10:58:32 PM

Sunday, January 25, 2004 10:58:32 PM

Post# of 704047
those earnings under, let say $50,000/year will spend all that money and thus will pay that tax on 100% of their income

That would depend on how much of the expenditures were exempt from the tax (food, rent/mortgage, insurance, medical/drugs, childcare, etc.).
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