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by harryh
2805 days ago
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If you flip it around, and ask, how much of your total income is used to pay taxes and fees for federal, state, and local taxes, the ones at the lower end will be paying a much higher percentage of their income. This is simply false. One can certainly argue that our tax code should be more progressive than it is, but denying that it is progressive at all is contradicted by the facts. |
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Many places switched from part of income tax to fees. Skyrocketed increase for fees to national parks this past year. Went up 300% for a weekly pass. You apply that over and over again in many parts of your life, and it adds up.
It just simply costs more of the percentage of your income to live and because of it, it takes a bigger chunk of your income and thus isn’t progressive.
Lastly, Social Security is a kicker for the one thing that is flat out regressive. Capital gains pays zilch for it, and it stops at 127K or so of income. That tax is burdened by the middle class.
That’s chump change for the wealthy, but anyone hit by it is burdened less and less the more money they make.
And don’t tell me it’s a “fund”. That’s not how the GOP acts with it.