S3TC analysis, page-3

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    Ignoring child support, a couple both on $85,000 gross currently take home $65,208 each, or $130,416 combined.
    Under the new S3TC, they would get 2 x $67,012, an extra $3,608.

    A single income family on $170k, currently takes home $118,663 - nearly $1000 a month more than the two income household on the same gross income. The new S3TC gives them $122,362 after tax, an extra $3,699. Not much more extra.

    The original S3TC would have addressed the current inequity between the tax burden of these two households.
    The first household would have been exactly $2000 better off, but the second would have been an extra $5,345 in front, reducing the difference between them to about $730 per month.

    I doubt anyone would consider a couple both on $85k as rich, but the $170k single earner is considered rich by the left wing media despite having much less to support his family.
    Last edited by dangar: 01/02/24
 
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