[dirtboy]

Are you looking at a cap of gross tax rate or marginal tax rate?

[Brookhaven]

“Are you looking at a cap of gross tax rate or marginal tax rate?”

It would be a cap on your net income taxes.

We can argue the technical aspects, but the core principle should be that nobody should pay more than 50% of their income in taxes.

If you made made $1,000,000, you shouldn’t pay more than $500,000 in total taxes (local, state, federal) for the year.

[VRWCmember]

Are you looking at a cap of gross tax rate or marginal tax rate?

Not a tax rate (according to the text that was excerpted) but a cumulative tax amount. Local, state, payroll taxes combined with fed income tax not to exceed 50% of income.