I think you should have to pay 2% more overall in taxes per year on everything city, state and federal once you make over 120k$
Yep, the US Federal income tax (and many states’ income taxes) are already a progressive tax that separate income into brackets and taxes each bracket at an increasing rate. It’s definitely time to increase that top marginal rate and add a bunch of exclusions that rich people use to hide their money in capital gains.
Yep, the US Federal income tax (and many states’ income taxes) are already a progressive tax that separate income into brackets and taxes each bracket at an increasing rate. It’s definitely time to increase that top marginal rate and add a bunch of exclusions that rich people use to hide their money in capital gains.