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That's what's inherently wrong with a progressive tax system such as we have here in the US; it distorts and exacerbates income/wealth inequality by necessity in order to maximize tax revenue. The Europeans and Scandinavians have figured that out, and therefore rely most heavily on regressive taxes such as VAT and MUCH flatter income tax brackets.
About the 20th cut and paste you've done of the same BS used to hide the basic fact that you are simply ideologically opposed to taxation. It has nothing to do with good public policy or the common good, only catering to our anti-government anti tax agenda.
People on the left continue to forget that corporations are owned by people. Millions of people have invested in corporations. When corporations succeed, so do millions of stock holders.
About the 20th cut and paste you've done of the same BS used to hide the basic fact that you are simply ideologically opposed to taxation. It has nothing to do with good public policy or the common good, only catering to our anti-government anti tax agenda.
Yup. Much of the copy/pasting comes down to this:
"If you can't dazzle them with brilliance, baffle them with bull****." - W C Fields
I'm not opposed to taxation. Just make it a flat tax rate. That eliminates the problem the economist noted in my post.
But, wouldn’t that mean the more you make, the more you pay?
I just wanted to get some clarification before people claim that such a system would mean the high earners would pay less than the low earners.
I know.... math, but some here believe math is witchcraft.
If you earn $1,000,000 and pay 10%, that is $100,000.
If you earn $30,000 and pay 10%, that is $3,000.
$100,000 is 33 Times greater than $3,000.
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