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Apr 9, 2018
 #1
avatar+9476 
0

https://web2.0calc.com/api/ssl-img-proxy?src=%2Fimg%2Fupload%2F2bc35c167c283b602

 

Let  x  be the amount of income Joe would have to make for the 17% flat tax to equal the amount he pays in 2013.

 

17% of  x  =  the amount he pays in 2013

 

the amount he pays in 2013   =   44,603.25 + 33% of (300,000 - 183,250)

the amount he pays in 2013   =   44,603.25 + 0.33 * (300,000 - 183,250)
the amount he pays in 2013   =   83,130.75

 

17% of  x   =   83,130.75

 

0.17x   =   83,130.75

 

x   =   83,130.75 / 0.17

 

x  ≈  489004.41

Apr 9, 2018
 #7
avatar+1356 
+13
Apr 9, 2018
 #3
avatar+1356 
+13
Apr 9, 2018
 #3
avatar+1356 
+14
Apr 9, 2018
 #2
avatar+1356 
+14
Apr 9, 2018
 #2
avatar+14 
0
Apr 9, 2018
 #3
avatar
0
Apr 9, 2018
 #3
avatar+1495 
+2

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