Group F: 5 households that earn $295,000 each Group E: 15 households that earn $129,000 each Group D: 20 households that earn $79,000 each Group C: 20 households that earn $50,000 each Group B: 20 households that earn $29,000 each Group A: 20 households that earn $12,000 each The federal government needs to collect $800,000 in income taxes to be able to function.
Imagine the country is made up of 100 households. Project 1: Flat tax, Modified Flat Tax, and Progressive Tax The following two projects will allow you to explore some of these ideas and draw your own conclusions. Others call for revisions to how different types of income are taxed, since currently investment income is taxed at a different rate than wage income. Some, for example, have claimed that a flat tax would be more fair to all citizens. Many people have proposed various revisions to the income tax collection in the United States.
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