4 ms·

If you only tax for workers above a certain wage and use that money to support rentals for lower income folks you might make it work. Maybe such a thing would i

• raldi 10y ago
  > If you only tax for workers above a certain wage [...] you might make it work. Actually, payroll taxes usually do the opposite: "It only applies to the first $110K in earnings. That way, it makes sure to capture a significant portion of the earnings of all poor-to-middle-class people, and then cut off before capturing a significant portion of the earnings of any rich people." http://gawker.com/5986230/the-unfairness-and-stupidity-of-the-payroll-tax http://gawker.com/5986230/the-unfairness-and-stupidity-of-th...
• nugget 10y ago
  You run into the same problem as means-testing social security and similar ideas -- turns out that income is a very pyramid-like distribution and there's just not a ton of it at the top, relative to the base and the middle. It wouldn't surprise me if 75% of this proposed tax would be collected from the component of salaries below the FICA limit ($118,500 for 2016). Another question is do you consider RSUs to be part of payroll on which tax is due? What about options? These can be 50% or more of compensation in many of these large firms.