• Wrench@lemmy.world
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    1 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.

    • June@lemm.ee
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      1 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.