Was curious what certain bills were actually costing me personally. So I built a calculator, thoughts others might enjoy. https://civiccost-f7ec548b606c.herokuapp.com/
by ARTDEPARTMENTs
Was curious what certain bills were actually costing me personally. So I built a calculator, thoughts others might enjoy. https://civiccost-f7ec548b606c.herokuapp.com/
by ARTDEPARTMENTs
3 Comments
Your calculator uses some highly suspect assumptions. For example, for income-based tax distribution, you haven’t taken the actual bill into account.
For example, the TCJA heavily benefits those with higher incomes. The “cost” of the bill is not evenly spread across people (flat) nor is it proportional to income. If anything, it’ll be inversely proportional to income.
Seems there’s a lot of important info missing. We have a progressive tax rate and it doesn’t start on the first dollar you earn.
Using $300,000,000,000 and a $10,000 income should yield $0, since one would not pay taxes, instead it yields $10
$100,000 yields $100,
$1,000,000 yield $1,000
The idea that if X bill didn’t exist I could buy Y more cheeseburgers per paycheck is the kind of financial illiteracy that our lawmakers wished everyone had.