5 ms·
There's also a similar problem in this case: When we start in this state: rich pay 10% on the margin poor pay 2% And then cut all tax brackets by 1% absolute
by monkeypizza 9y ago
There's also a similar problem in this case:
When we start in this state:
rich pay 10% on the margin
poor pay 2%
And then cut all tax brackets by 1% absolute (to 9% and 1%)
This can be portrayed as both "most gains from the cuts go to the rich (because we were super progressive initially!)", and "poor get relative 50% cut, rich 10% (at the margin)". Anyway, I just am trying to guard against future misinterpretation and mixing up of absolute/relative terms.