IncidentFar3094 t1_iucxqo5 wrote on October 30, 2022 at 11:37 AM

Reply to comment by Comprehensive-Bus661 in Why does MA need more tax money? by Comprehensive-Bus661

Yes, if One had passed five years ago, the surplus would have been bigger and the upcoming tax refunds ordinary taxpayers are receiving soon would be bigger

Intrepid_Priority154 t1_iud3ys7 wrote on October 30, 2022 at 12:44 PM

So socialism?

IncidentFar3094 t1_iudc97t wrote on October 30, 2022 at 1:57 PM

Yes, only inverted socialism, where the ordinary earners pay 10% = 5% state and 5% local while high earners currently pay 5%= 5% state and just a small percent local.

Clarify: we currently have inverted socialism.. High earners pay less. Q1 evens it up a bit

pwnage765 t1_iudcjt7 wrote on October 30, 2022 at 1:59 PM

Disgusting, no thanks.

IncidentFar3094 t1_iudd6sa wrote on October 30, 2022 at 2:04 PM

But I have to admit I have no idea what a rebate would look like with Q1 in place. Would the high earners get a higher rebate? Seems only fair they should. So I don't know

fetamorphasis t1_iugkpfv wrote on October 31, 2022 at 3:55 AM

The rebate is a flat percentage of total tax liability. So the high earners would get more absolute dollars but the same percentage refund.

Comprehensive-Bus661 OP t1_iucy6fh wrote on October 30, 2022 at 11:42 AM

MA legislators are currently working on a bill to redistribute the refund on a progressive scale but I don’t think it passed, yet so not sure that’s correct.

IncidentFar3094 t1_iucy9z2 wrote on October 30, 2022 at 11:43 AM

Yeah, it hasn't happened yet, but Charlie Baker is gonna make it happen

dogmom603 t1_iufii8l wrote on October 30, 2022 at 10:51 PM

Not allowed under the current constitution. Not allowed to tax the same class of income at different rates for different people, so the rebates have to happen proportionally based on how much each taxpayer actually paid.