During my career I have paid 66% on my top dollars. I paid that because I made more money than most. In any society that considers itself fair, that's what happens. Some people moan about it and try to avoid it. More don't.
All you are saying is that the rich should pay no more than the poor. And we know the likes of Romney pays less than poor earners do.
It's simple. We are not that screwed up.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
Come sit down beside me I said to myself
And although it doesn't make sense
I held my own hand as a small sign of trust
And together I sat on the fence
Anon. Very anon.
The top 20% of the US population accounts for 10 Trillion of GDP. That is 2/3rds of the National GDP of 15 Trillion.
They pay 1 Trillion towards to yearly Federal Budget of 3 Trillion. Thats 10% of their gross wealth, land, assets, etc. That 1 Trillion, is in the form of taxation on their PROFIT, which comes from gains from having all that GDP which generates additional wealth by a form of taxation on the middleclass, low income and poor, in the form of RENT, as well as LOANS, as well as INSURANCE (which the rich own).
Meanwhile, the 80% of rest of USA has to pay 2/3rds or 2 Trillion dollars of the yearly Federal budget, out of their share of 5 Trillion GDP, which is nearly HALF of their gross, and which is extremely hard, since they are already having to pay the Wealthy 20% share of income tax which the rich extract from them by RENT,LOANS, and INSURANCE fees, as well as the various other legislation the rich get Congress to enact, that makes small business have MORE regulation, while Corporations have LESS.
So really, stop the BULCRAP about how overtaxed the rich are, because it is insulting. Most of the $#@!s have figured out, like Romney, how to have ALL their income classified as Capital gains, so they pay only 15%, and where property taxes and other taxes are levied, they get that through: RENT, LOANS, and INSURANCE fees, since they are the OWNERS of the LAND, the BANKS, and the INSURANCE corporations.