Wealth, What is it?

[Clodfobble]

Originally Posted by The Mercenary

The problem I have with it is that it excludes a portion of people, those who make between 102k and 250k all togther, they don't have to pay a dime. People who make more than 250k have to pay if for every dime made. It is creating tiered systems where some pay nothing. Why should people who make an extra 47.9k or less not get taxed?

I interpreted it as every dollar up to $102,000 (which is currently already taxed), then your dollars above that are (still) tax-free, until $250,000.

So if you make $103 thousand a year, $102 will be taxed and $1 will be tax free. If you make $252 K, you will be taxed on $102, plus $2.