The Slightly Progressive Payroll Tax

Michael Pollak mpollak at panix.com
Sat Apr 29 10:02:22 PDT 2000


On Mon, 24 Apr 2000, Max Sawicky wrote:


> I tell people the numbers show the payroll tax is progressive thru the
> 9th income decile and they call me nuts. Well they will find some
> other reason to call me nuts, lord knows there are a couple, but CTJ
> has just put out a "Tax Day 2000" paper with that very same result.
> Their tables show the payroll tax is progressive thru the fourth
> quintile (they don't show deciles) for all taxpayers.

Um Max, don't the top 10% own most of the wealth in this country? A tax that's progressive up until that point seems downright regressive. Unless I'm drastically misunderstanding.

Michael

__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com



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