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State taxes are systematically less progressive than federal taxes so despite that rule of thumb you can't assume that relationship holds across income levels.
by Symmetry 12y ago
State taxes are systematically less progressive than federal taxes so despite that rule of thumb you can't assume that relationship holds across income levels.
- zaroth 12y agoExactly so. If they were progressive, then a fixed percentage rule would not hold. Being less progressive (more likely a fixed percentage), the rule of thumb is generally more accurate, wouldn't you agree?