Increased rake

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Increased rake

OP
943 posts · member since Oct 2020
2yr ago

I haven't seen this discussed here, but maybe I am reading the wrong forums.

Anyway, Horseshoe Las Vegas has recently inc

06 January 2024 at 01:16 PM
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JimL
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stremba70
2yr ago

Let’s say I am running for office in a state legislature. The state has a 3% income tax. The incumbent that I’m running against voted yes to a bill to raise the state income tax to 4%. I go out and make speeches stating that my opponent voted for a 33% increase in the state’s income tax. My opponent claims that since the average taxpayer in the district pays 15% federal income tax plus 3% state income tax, the proposed increase was from 18 to 19%, which means he only voted to increase taxes by 2%.

You are a fair-minded fact checker. How do you rate each of our claims - true, false, misleading, etc? Hopefully the analogy is clear - an increase in rake from $5 to $6 is a 20% increase in rake regardless of what the promo drop is, just as an increase in state income tax from 3 to 4% is a 33% increase, regardless of the federal income tax rate....