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Because 50 % of $717,000, which is the average income of the top 1 %, still leaves you with $358,000 to live on.
Whereas 50 % of $18,000 leaves you with $9,000 to live on.
Do you see the difference?
No one is taxed at 50%. Someone earning $18,000 can indeed pay 10% federal income tax. There is no reasonable explanation why anyone should be paying MULTIPLES more in taxes than their share of the income. It is NOT a successful person's responsibility to make up for a slacker. EVERYONE should be contributing their fair share. Tax EVERYONE equally. A flat tax means EXACTLY: Earn little; pay little. Earn A LOT; pay A LOT. ALL in EQUAL proportions.
"Nearly 72 percent of SNAP participants are in families with children; more than one-quarter of participants are in households with seniors or people with disabilities."
The U.S. is one of the wealthiest nations in the world. If we can't feed our hungry children, seniors and disabled people, shame on us indeed.
Someone's got to pay, someone's got to be held accountable.
She has 15 kids to 3 baby daddy's so why does she feel the tax payer has to pay? Why does she feel the tax payer should be held accountable because she doesn't know how to say NO!?
So the system failed her and not the 3 dads, or her birth control.....people are insane!!!!
I think it rare that any woman has unprotected sex with the intent of receiving a relatively insignificant bump in welfare benefits. The Welfare Queen thing is nothing more than a myth that seems to have originated with a few poorly chosen words of Reagan, back when, before he completely lost his mind.
The fact that those who receive public assistance have a birth rate 3 times higher than those who don't actually lends credence to the Welfare Queen theory.
The government is indeed paying poor women to do nothing more than breed.
No one is taxed at 50%. Someone earning $18,000 can indeed pay 10% federal income tax. There is no reasonable explanation why anyone should be paying MULTIPLES more in taxes than their share of the income. It is NOT a successful person's responsibility to make up for a slacker. EVERYONE should be contributing their fair share. Tax EVERYONE equally. A flat tax means EXACTLY: Earn little; pay little. Earn A LOT; pay A LOT. ALL in EQUAL proportions.
My point is that the wealthy could well afford to be taxed at 50 %. Did you not see in the figure I posted that the wealthy were taxed at far higher rates in the past, and somehow they managed to survive, and in fact flourish.
No one is taxed at 50%. Someone earning $18,000 can indeed pay 10% federal income tax. There is no reasonable explanation why anyone should be paying MULTIPLES more in taxes than their share of the income. It is NOT a successful person's responsibility to make up for a slacker. EVERYONE should be contributing their fair share. Tax EVERYONE equally. A flat tax means EXACTLY: Earn little; pay little. Earn A LOT; pay A LOT. ALL in EQUAL proportions.
Flat taxes are regressive though. When you earn very little you should pay very little in taxes as a percentage of your income, not just amount.
Salaried worker: (the employer pays a matching amount of FICA)
$20,000
$1,728 federal tax
$1,240 SS
$290 medicare
=============
$3,258 total tax
16.3% tax rate
If self employed the tax rate would be: 23.94%
$220,000
$55,862 federal tax
$6,622 SS
$3,190 medicare
=============
$65,673 total tax
29.9% tax rate
My point is that the wealthy could well afford to be taxed at 50 %.
Why should they toil 6 months out of the year for free? Slavery was abolished, remember?
Everyone can pay a 10% federal income tax rate.
Quote:
Did you not see in the figure I posted that the wealthy were taxed at far higher rates in the past, and somehow they managed to survive, and in fact flourish.
That's no excuse for so many people, the bottom 95% in fact, to FAIL to pay their fair share. Are we not all U.S. citizens/residents? Tax us all equally. Flat tax. Earn little; pay little. Earn A LOT; pay A LOT. ALL in equal proportions.
My point is that the wealthy could well afford to be taxed at 50 %. Did you not see in the figure I posted that the wealthy were taxed at far higher rates in the past, and somehow they managed to survive, and in fact flourish.
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