lpnmajor wrote:
Ain't that the t***h! Still, the 70% of taxes paid by the 1%'ers, is misleading, intentionally so I might add, as it is not based on the overall numbers of tax payers, but only on the amount of taxes paid, separated by income.
Here's an example: If 9 people pay $100,000 in taxes and 1 person pays $1,000,000, it would appear that the (1) person has paid 50% of the money, but in reality, they've only paid 10%. It's called "spin".
If every person pays 10% of their total earnings in tax and 300,000,000 people make $1000, that's $30,000,000,000. If 100,000 people make $100,000, that's $10,000,000,000. That shows that .03% paid 25% if the money, yet, those .03%'ers earned 100 times the money of the rest, each. Perspective, that's what we need.
Ain't that the t***h! Still, the 70% of taxes paid... (
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I think I get your point, but that's exactly the logic being used by the democrat party today. If we all pay a flat tax then we are all paying the same and therefore no one should expect favors. The more we demand from the 1% the more they will demand in return one way or the other. If we are all considered equal, then we should all pay an equal amount. So a tax should be level for all. So if it's 20% all should pay 20% including the 1%. Nothing more, nothing less. And loopholes should be abolished. Keep it simple.