• @Wrench
    link
    01 year ago

    The current wage cap is $160k

    That’s not poor in CA, but that’s still struggling to own modest property territory.

    The problem with federal wage taxes is that it doesn’t account for cost of living. $80k is very comfortable in some areas of the country, and renting a room and living frugally in another.

    • @[email protected]
      link
      fedilink
      11 year ago

      im with you that that wage cap is too low. But I think it should also be progressive and cut off at like 250k in today’s dollars.