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Reply to "Down and Out on $250K/year...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, sorry, should perhaps have made that clear. But more broadly I believe strongly in progressive taxation and in social investment.[/quote] For those of us making less than $100,000 and trying to educate 2 children and give through our churches and other volunteer groups, paying more taxes would be unfair and painful. Personally, I think giving 4 months salary each year in taxes is plenty. [/quote] Progressive taxation means that you would not be paying higher taxes. Probably not, that is - it depends where the progressivity starts, but normal progressive proposals start above what somebody making the proposal defines as the "middle class." However, under a progressive tax system, somebody making $250K would probably pay more taxes. I support progressive taxes, too. We're that $250K family, just for reference.[/quote]
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