Quote:
Originally Posted by classicman
Redux, so there is a 6% tax increase on all household wages and salaries of $100,000 or more - That correct?
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They already pay 6% on on the first $100k...but effectively only pay 4.5% on their total wages (not tax on the last $50k)
Why should someone making $150k pay a lower rate than someone making $80k.
It is the reverse of the long standing concept of taxing according to ability to pay (the concept of progressive taxation that I know you dont agree with).
But this wouldnt even be a progressive tax.....6% on all wages/salaries....same rate for all.