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Re: $15 minimum wage permits few luxuries in US cities

Posted by AEM-7AC #901 on Wed Jun 4 20:43:31 2014, in response to Re: $15 minimum wage permits few luxuries in US cities, posted by Henry R32 #3730 on Wed Jun 4 19:34:04 2014.

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"Add in the incentive of cheaper (or no) taxes elsewhere, and we'll be bleeding NY taxpayer money to other states."

And now you see why I'm not fond of federalism. :-)

"I do agree that the low 20k exclusion should be changed to something much highere. "

Given the increase in senior citizens in our society, either senior citizens will pay more in taxes or other younger people will simply pay more to make up for the exemptions. I don't mind indexing the exclusion to inflation, but I wouldn't want an overly generous exemption to avoid burdening the young.

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