Comment Re:And... (Score 1) 535
Feel better now that you had your little tantrum?
I understand perfectly well how income tax works in the US. I did not say that progressive income tax brackets were the reason any state was out of money. I also never suggested that a business owner would be taxed on gross income.
My point was that tax brackets stop rather abruptly. That small business owner who nets $80k per year isn't necessarily a whole lot better off than his employees, particularly when you factor in the employer share of social security, medicare, and unemployment that he must pay personally. Yet he is lumped in with multimillionaires because there are no higher tax brackets. Even at the federal level things max out at $373k. There isn't a $500k or $1M bracket. And then some people are shocked when there is not overwhelming support to "tax the rich".