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What does a tax hike mean? When tax hikes and tax increases are presented are they a % increase on the taxes themselves or the income? I feel like i'm being unclear so an example: There is a tax increase of 1%. A house with an income of $100,000 usually pays $30,000 in taxes but now pays: $30,300 (original+1% of tax) or $31,000 (original+1% of income)
What does a tax hike mean?
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