[intrasight]

The list price is darn close to $100K.

I don't think your analysis is quite correct. Assuming is $100K and they ask for 20%. If I make more than $500K, then I pay $100K. If I make $50K then I pay $10K.

But please note that I'm GREATLY simplifying things here. It's not simple "Give us 20%". If it was, it would be like PA income tax - one page - give us 4%. It's more like NY income tax - dozens of pages with lots of special cases and loopholes.

For the same reason I like PA taxes, I like Yale financial aid. It's closer to the PA model than to the NY model. I don't approve of thresholds like "Income less than $100K - you pay nothing". I could even argue that an Ivy is such a privilege that the "give us 20%" should have no upper bounds ;)