3 ms·
I support progressive taxes and that is not my motivation or reasoning at all. It is a recognition of an increased share of discretionary income and the dimini
by rileymat2 4y ago
I support progressive taxes and that is not my motivation or reasoning at all.
It is a recognition of an increased share of discretionary income and the diminishing returns of higher incomes on quality of life.
We have to fund the government services, so it makes sense in my mind to do it with discretionary income and income that has diminishing returns in the quality of the life of the taxpayer. It is solid public policy IMO.
Second, the terminology is strange, because everyone is treated equally. No matter your race, sex, age, you are progressively taxed more based on your actions/earnings for the year. [Outside of carveouts for all the various tax credits and deductions, but within those carveouts it is equally progressive.]