Quote Originally Posted by Wraith View Post
I think he wanted it the other way. The cost of living is higher in NYC, so people making 250k shouldn't be taxed like they're rich, because in that area they're only upper middle-class, but in Buffalo they'd be rich.
My mistake. In that case, the same would happen but in the other direction.

Quote Originally Posted by Dreadnaught View Post
Hold on a sec -- if the federal tax brackets are meant to be relative to the cost of living, would it really be easy for states/cities to compete on this level? If anything, it would be harder because the playing field would be leveled (except when it comes to state/local taxes).
Is New York having trouble getting high paid workers to work in the city?