Philip Nolan Wrote:
Apr 27, 2012 12:03 AM
wsmith-84 is clueless Every state has a progressive income tax, so high income earners pay more in state income taxes, both in absolute terms and as a % of income. Re: sales tax, the wealthy spend at a level commensurate with their incomes so they pay more in sales and excise taxes (perhaps not as a % of income, but they do pay more in real $ terms). And property taxes - A fellow living in a million $ home has a greater tax burden than the guy renting an apartment. Re payroll taxes - sorry wrong again. Medicare taxes are based on income and are not capped. OK, so FICA has a $110,000 cap. I doubt that that one exception to tax progressivity is enough to invalidate Williams' argument.