Quote:
Originally Posted by patteeu
Basic math:
1. 80% > 20% (and 55% > 45%)
2. Raising the rate on the first dollar hits 100% of wage earning families. Raising the rate on the 100,000th dollar hits less than 20% of wage earning families. 100% > 20%.
Yes, you're right about one thing. It's basic math. Learn it.
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Only if you ignore the magnitude of the incomes. What is a bigger number patty, 1% of 30k, or 1% of 150k?