Financial analysts have computed the cost of living in New York City (and by extension and to varying degrees, other major urban areas around the U.S. – LA, Chicago, Miami, etc.) and it’s pretty hefty.
For an individual to live “a middle-class lifestyle” in New York City, takes $123,000/year, compared to $50,000/year in Houston! A $60,000/year income in New York is equivalent to a $26,092/year income in Atlanta!
You’d think (IF they were actually concerned with fiscal or “tax fairness) that Liberals would seek to remedy this innate disadvantage such locales have...but “tax fairness”/“economic justice” is really NOT the concern of Liberals at all.
Still, you’d think at a modicum, the people in NYC would have their tax RATES adjusted to a national average...since it requires $123,000/year in New York city to live at the same standard of living that $50,000/year gets you in Houston, then the people in New York City earning $123,000/year should probably pay the same tax RATE as the guy earning $50,000/year in Houston and those earning $60,000/year should be taxed at the 26,000/year rate that it's equivalent to elsewhere.
But AGAIN, the Liberal agenda does NOT include “tax fairness.”
For an individual to live “a middle-class lifestyle” in New York City, takes $123,000/year, compared to $50,000/year in Houston! A $60,000/year income in New York is equivalent to a $26,092/year income in Atlanta!
You’d think (IF they were actually concerned with fiscal or “tax fairness) that Liberals would seek to remedy this innate disadvantage such locales have...but “tax fairness”/“economic justice” is really NOT the concern of Liberals at all.
Still, you’d think at a modicum, the people in NYC would have their tax RATES adjusted to a national average...since it requires $123,000/year in New York city to live at the same standard of living that $50,000/year gets you in Houston, then the people in New York City earning $123,000/year should probably pay the same tax RATE as the guy earning $50,000/year in Houston and those earning $60,000/year should be taxed at the 26,000/year rate that it's equivalent to elsewhere.
But AGAIN, the Liberal agenda does NOT include “tax fairness.”
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