Quote:
Originally Posted by mrkajz44
I am torn on this policy. There are two sides to this:
1) This policy will benefit high-income earners the most. An argument can be made that the high-income earners do not need any extra tax help
2) The old policy did not have equality. Single income families were generally taxed at a greater rate than dual income families in the past. This policy makes the system more fair from that perspective.
I guess in my eyes, number 2 is more important. One of the key ideals of a taxation system is to be fair. The tax system is more fair (as in a family unit will not need to make working decisions based on taxes) with this new policy, so I think it's a good idea.
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I see #2 quoted a lot and I don't get it. Each individual gets taxed on how much they make. People throw out the example of single earner making $150k vs two earners making $75k each to show that it's unfair. Thats disingenuous in my opinion. Why does the single earner always make more?
Why not compare with everyone making $150k or $75k or one partner making $150 and one $75. Now how does it look? Just fine - everyone pays tax according to how much they make i.e. A progressive tax system. Single earner feeling hard done by?Tell your partner to get a job. Problem solved.