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Reply #10: What does this mean? [View All]

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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 11:28 AM
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10. What does this mean?
He wants to increase income taxes on the wealthy which is a progressive concept, and increase sales taxes, which are considered regressive. If one implements policies with progressive and regressive components, then don't the two tend to cancel each other to some relative degree?

My intuitive guess is this will allow some portion of the middle class, near the point of the increase in income tax bracket (250K?), to receive the least tax increase. Why not instead give the poorest the least tax increase?
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