[lbo-talk] Congestion pricing may not hurt the poor, study finds

[Max B. Sawicky]

To me flat means fewer income brackets and less rapidly rising rates.
One way to look at it is whether there are any brackets above about
the 80th percentile -- where all the money is -- with higher rates than
on those below that level.

http://www.taxfoundation.org/taxdata/show/228.html

Judge for yourself, but a quick glance tells me that when the
rate goes up for people above median household income (about $60K),
it's by a percentage point at most, and even that's not too common.

Jordan Hayes wrote:
> Max writes:
> 
>> Most state income taxes are pretty flat, IMO.
> 
> I guess that depends on what you mean by "pretty flat" ... 34 of the 
> states do have rates that rise with income; 9 have no income tax at all 
> (which I count as mostly progressive because all but Nevada and Wyoming 
> have business income taxes[*]); and 7 have flat income taxes.
> 
> I guess by 'pretty flat' you mean 'not as progressive as the Federal 
> income tax' which I guess by any measure is true.  And of course we can 
> argue about whether the brackets should be bigger, or the rates higher 
> (both of which I'd be for).
> 
> But: I don't think I'm going to let you get away with this one :-)
> 
> /jordan
> 
> [*] Tennessee is a weird one; they have a flat tax on income from stocks 
> and bonds, but no personal or business income tax ...
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