Re:Growing homeless camps contrast with West Coast tech wealth
by ameister14 on Tuesday November 07, 2017 @09:55AM
(#15643803)
Well, we'd reintroduce massive tax loopholes that allow for real tax rates to be less than they currently are - that's how we'd get back to that, because that's what we had then. We'd also cut payroll taxes back to 3% and have them apply to the first 30,000 instead of over 6% and applying to the first 106k of income.
We'd also raise taxes on the poorest quintile - you know, the people that currently don't pay any, and repeal medicare taxes.
That'd pretty much get us back to post ww2 taxes.
Re:Growing homeless camps contrast with West Coast tech wealth
by lsiebert on Tuesday November 07, 2017 @11:21PM
(#15649895)
Given inflation, it seems like payroll taxes have fallen.
30k is (per https://www.dollartimes.com/inflation/inflation.php?amount=3...) $397,964.84 dollars.
I'd suggest looking at the following for a reasonably good look on the progressive tax rate, historically.
http://www.teachinghistory.org/history-content/ask-a-histori...
Anyway, toyko is a good place to look for how to keep house prices low. https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-af...