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)
