What is the issue with tax rate?
How does it affect common man?
Tax rate stops at 45% for Income exceeding $180K?
It affects lower income group.
This freeze on rate at 45% when income exceeds $ 180K
affects lower income group very adversely
Please look at the excel sheet & graph 2012-13 and follow the next:
Please look at the excel sheet & graph 2011-12 and follow the next: