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To: Libloather
De Blasio is pushing to raise city income taxes on those earning $500,000 or more to generate $530 million a year to cover pre-kindergarten classes for all kids.

A little math here:
$530 million in taxes / $500,000 baseline = 1,060 people paying...???

Even if you double the $500,000 base line to $1,000,000 in income that is $250,000 more in taxes per person...

Someone doesn't do math very well or the "rich" in NYC are about the get raped...

5 posted on 01/25/2014 4:26:53 AM PST by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: Popman

Uh, sorry but your math makes no sense for computing the number of people who would pay. It is people who make over $500K per year, not that anyone would actually pay $500K.

That being said, I oppose the idea of such a tax.


9 posted on 01/25/2014 4:44:54 AM PST by rbg81
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