Comment

The Drillin' Sistahs

46
Aceofwhat?4/08/2010 11:05:21 am PDT

re: #35 Dreggas

Highly progressive tax structure? You mean like the part where it takes a super majority to raise any taxes or the part where they can’t raise property taxes?

Our budget problems are directly related to how hard it is to raise taxes in this state.

no, a “progressive tax structure” is the formal terminology for a tax system where the taxation percentages/rates increase with wealth - i.e. the richest are taxed with a much higher percentage than the middle or poor.

a progressive tax structure is, in very general terms, the opposite of a flat tax structure.

(not a higher AMOUNT, mind you, the rich will pay a higher amount even if the tax were flatter.)