re: #135 Jeff In Ohio

The only way you level the field is through a more complicated tax code.

For instance, if you own a home in Oklahoma, chances are it did not cost as much as the guy in NYC, so his mortgage deduction is going to be much higher enabling him to take home more of his income.

While I do think $250k is the good life in Cincinnati, I’m not convinced $250k is middle class in NYC. SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.

I think a LESS complicated one!

The Fair Tax comes to mind

Eliminate all inherent taxes on goods at the retailer level (something in the neighborhood of 24% before a product hits the shelf)

Them tax THAT product

LEVEL!?!?
Rich people pay more taxes , WHY?? they buy more and more expensive stuff. The price of A good doesn’t vary, only how many YOU decide to buy