Quote:
Originally Posted by jimjamuser
If those 2 tax rates are correct. Then, they are 2 flat taxes, which encourages wealth disparity and discourages upward mobility and wealth generation through home buying. Bad for a middle class and good for elite, generational wealth. Florida is a slight improvement.
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To clarify, the income tax is a graduated tax. I think you hit the top rate at around $75,000/yr.