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Reply to "Do you make $400,000 a year but feel broke?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have no idea what your point is about our tax system. I think a progressive tax system is fair and appropriate. [/quote] The point is that a $400k HHI puts you in the 33% marginal rate for your last dollar. If no distinction should be made between a $400k and $1M HHI because they're both gushing with disposable income, it's curious why the 35% and 39.6% marginal rates aren't applied to the $400k family.[/quote] :roll: And we have section 8 housing, SNAP and lots of other subsidies for people with lower incomes. And yet not for people who make $400k or $2m per year. Curious why we treat them the same and don't subsidize the $400k family. Maybe you should start lobbying Congress. [/quote]
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