Comment by toomuchtodo
Comment by toomuchtodo 4 days ago
That’s progressive taxes. Consider that roughly the bottom 60% of Americans have no federal income tax liability, simply because they do not make enough. That 60% cannot meet their basic needs on their incomes, very roughly speaking. Any increase of taxes on them would be regressive.
It’s kind of progressive. Depends on how high the deductible is, it is definitely semi progressive. Tax bands would still be more progressive, it’s why someone making $50k is paying more state income tax in Alabama than they would in California.