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NY wants to have ISP charge the poor $15, so all pretax revenue over that $15 amount paid by the poor will be taxed at 99% (or 100%), up to NY. Somehow the tot
by jmclnx 2y ago
NY wants to have ISP charge the poor $15, so all pretax revenue over that $15 amount paid by the poor will be taxed at 99% (or 100%), up to NY.
Somehow the total paid by the poor can be prorated to total ISP revenue and taxed based upon that + admin costs. That tax amount will be sent back to the poor as a refund.
Tax is at the revenue level because as we have seen, there are so many deduction they could report 0 income.