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

Reply to comment by IncidentFar3094 in Why does MA need more tax money? by Comprehensive-Bus661

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.