STATE BUDGET
Not a lot of sympathy for the 'rich' today ...
I have often wondered how so many people will vote against their own best interests.
A prime example is a letter about Gov. Mark Dayton's tax proposals asking how a combined taxable income of $150,000 could be considered rich (Readers Write, Feb. 17).
The fault is in how the Star Tribune's front-page summary of the proposal was reported. I instinctively knew that a rapid reading would result in misunderstanding the proposal by overlooking that all important "top tier" modifier.
There is no increase in tax on the first $150,000 in income; there is a progressive increase on each tier of additional income.
The income tax is thus a progressive tax, and is much fairer than any regressive tax. Sales or property taxes take a much larger percentage of total income from the working poor and middle class than from higher-wage earners.
Higher-wage earners should think about how they came to be that way.
The luck of genetic inheritance as well as the family into which they were born played a huge role, and they worked very hard but also relied on taxpayers' support of education, infrastructure and so on.
I remember complaining once about taxes to my beloved wife, Gloria Segal, who represented St. Louis Park in the Legislature for 10 years before she was taken from us by a brain tumor.