Quote:
Originally Posted by polak
Someone making 200,000 can handle losing an extra 10,000 bucks of take home. Someone making 40,000 cannot handle losing an extra 2000 of take home.
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Ridiculous.
1) Taxes should not be based on what someone can afford to "lose."
2) In your example, why do you believe that the $200K earner can "handle losing" any money at all? Perhaps the $200K earner earns their income by virtue of many years of education, paid for (temporarily) by debt, which now must be serviced.