Quote:
Originally posted by bilmore
Read that again. Think of someone currently capped.
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I am capped. I will pay more if the cap is removed or raised. That does not mean that my tax increased. It means that it isn't limited to a certain percentage of my income anymore, but applies to all of it (or to more of it, if they raise instead of remove it).
I agree, it's semantics. But let's look at it this way -- my state has a 5% sales tax on goods, but has a list of things that are exempt from the sales tax. Let's say that one of those things is pool chlorine. Let's say that I have a pool. Let's say that my state is having a budget shortfall, and they decide to tinker with the tax exemptions, but leave the rate alone. Pool chlorine is now subject to the 5% sales tax, and I now pay $10.50 for my bucket of chlorine tablets instead of $10.00. Has my tax increased?
