Of all the stupid things Cuomo could do, this isn’t especially bad. It has never made sense that a Rockefeller and his dentist have the same marginal tax rate.
Right, a progressive tax rate makes perfect sense . . to a progressive.
Wrong.. if they want so ly to pay, just write the check today. This is just political face saving after trumps returns were released. Let’s tweet them the address.
why not?
If you're both paying the same percentage, you're paying the same amount of taxes. Granted the dollar amount is different, but your percentage is the same.
Libs use the same argument to justify the current progressive (regressive in my opinion) tax code we have.
They'll argue it's not fair that someone making 100,000 per yr pays the same percentage as someone making 30,000 per year and so on.
Why do you say this? Are you in favor of a progressive tax rate system?
WHAT? You're sounding like a liberal there, with all respect. If the dentist has an AGI of $200,000, and Rockefeller's is $20 million, Rockefeller will pay 100x the amount the dentist pays if they pay the same percentage rate. Do the math: $200,000 at 5% is $10,000; $20 million at 5% is $1 million. Clearly Rockefeller is paying WAY more in taxes than the dentist.
The libs will have you believe a flat-tax is "regressive", but it actually treats everyone equally. It's the progressive tax rate scheme (the more you make, the higher the rate) that already punishes the rich, and makes them all work overtime to come up with their own (legal) tax avoidance schemes.
And to the libs signing this letter, what are you waiting for? You can open your checkbook any time you like and write a check to the State. There is nothing that prevents you from paying more than your minimum, legally required taxes.