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Kind of a theoretical question that must be asked in lieu of the Supreme Court's decision earlier this week. If the rich have so much money to give that they needed the high court to allow them to give even more money to political campaigns, they should be able to afford to pay higher taxes, right?
Kind of a theoretical question that must be asked in lieu of the Supreme Court's decision earlier this week. If the rich have so much money to give that they needed the high court to allow them to give even more money to political campaigns, they should be able to afford to pay higher taxes, right?
Kind of a theoretical question that must be asked in lieu of the Supreme Court's decision earlier this week. If the rich have so much money to give that they needed the high court to allow them to give even more money to political campaigns, they should be able to afford to pay higher taxes, right?
The problem is that Uncle Sam thinks $200K a year in salary is just as "rich" as tens of millions in a Trust Fund for someone that doesn't work.
Someone making $200K a year is not donating "millions" to SuperPACs.
Even if tax rates were equal, as with a flat tax, the rich would still pay massively more per person.
Using 10% to keep it simple, someone who makes a million dollars a year is paying 10X as much as someone who makes 100K a year would.
And someone who makes 100K per year would pay twice as much as someone making 50k.
This is how taxes should work, not subjecting people to paying a higher % of their income just because they make more money.
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