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Metropolitan DC Local Politics
Reply to "MoCo looking at increasing income taxes for those making above $150K"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think this is a dumb policy, but it's literally only a 0.1% increase. That is only $1,000 more income taxes if you make around 1.15M per year. This is a negligible amount of taxes and most people won't care. [/quote] Yes and it is a progressive tax. The tax rate is decreasing for others with lower income. This 0.1 % increase will apply to me and I am fine with it if others get a bit more of a break. [/quote] Then why not do more and give those in need an even better break? Maybe a 0.5% increase. [/quote]
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