{"id":9122,"date":"2009-06-14T18:00:20","date_gmt":"2009-06-14T18:00:20","guid":{"rendered":""},"modified":"2009-06-14T18:00:20","modified_gmt":"2009-06-14T18:00:20","slug":"perspective-on-tax-increases","status":"publish","type":"post","link":"https:\/\/calitics.com\/index.php\/2009\/06\/14\/perspective-on-tax-increases\/","title":{"rendered":"Perspective On Tax Increases"},"content":{"rendered":"<p><em>Dave Johnson, <a href=\"http:\/\/www.speakoutca.org\/weblog\/\">Speak Out California<\/a>.<\/em><\/p>\n<p>People get hysterical when talking about tax increases.&nbsp; They say wealthy people will pack up and leave (parking their yachts in the Nevada desert?)&nbsp; They say companies will relocate.<\/p>\n<p>For perspective, if there is a 2% tax increase on incomes over $500,000 <b>a person with $600,000 taxable income will pay $38.42 more in taxes per week.<\/b><\/p>\n<p>If you think people who make $600,000 a year can&#8217;t afford $38.42 per week, and will leave behind their beautiful house and connections and friends, I suggest you should think again.<\/p>\n<p>Notes:&nbsp; Taxable income is income after all deductions.&nbsp; Tax rates only apply to the income in that bracket, so a person with $600,000 in taxable income will pay the increased taxes on $100,000 if the taxes apply at $500,000.&nbsp; This means a 2% tax increase applies to that $100,000 only, which is $2,000 per year, or $38.42 per week. <\/p>\n<p>Click through to <a href=\"http:\/\/www.speakoutca.org\/weblog\/\">Speak Out California<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><em>Dave Johnson, <a href=\"http:\/\/www.speakoutca.org\/weblog\/\">Speak Out California<\/a>.<\/em><\/p>\n<p>People get hysterical when talking about tax increases.&nbsp; They say wealthy people will pack up and leave (parking their yachts in the Nevada desert?)&nbsp; They say companies will relocate.<\/p>\n<p>For perspective, if there is a 2% tax increase on incomes over $500,000 <b>a person with $600,000 taxable income will pay $38.42 more in taxes per week.<\/b><\/p>\n","protected":false},"author":171,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[60],"class_list":["post-9122","post","type-post","status-publish","format-standard","hentry","tag-60"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-2n8","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/9122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/171"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=9122"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/9122\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=9122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=9122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=9122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}