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The idea that 'taxes are about you' is such an egotistical argument.
I have to agree. Just have everyone pay a flat tax. You'd still have some paying WAY more than others, but it would ease some of the resentment those who pay way more than their fair share have for those who pay way too little, or pay no federal income tax at all when filing their 1040. PLUS, many would be less willing to always raise tax rates on others because that tax rate hike impacts them, as well.
Using 10%, as an example...
$35,000 earner pays $3,500
$3.5 million earner pays $350,000
Same flat tax RATE, wildly different tax AMOUNT
For access to the exact same government services/benefits (albeit the higher-income are locked out of access to many if not all government cash transfer services/benefits, like public assistance)
Not possible. I plugged the info you gave ($33,000) for a single person, no dependents, into a tax calculator with NO deductions for anything whatsoever, and the federal income tax rate was less than 10%.
I honestly think a lot of people have NO idea how little they actually pay.
It's more than 10%, and they know how much they pay because the information is on their completed tax return. The point is some low income people do pay taxes in the thousands, which is a lot of money for them when every dollar counts. Some low income people pay Zero, get all kinds of benefits, and some get free money sent to them.
Im sure its natural to hate to see yourbmoney go down. But at the end of the day, if you can still afford that 5 bedroom house with a 2 car garage, a BMW for you and the lady and go out and have a nice meal every week, cant see ut being a big deal.
But thats my view on living good. If you can have the bare essentials and also afford to enjoy life, whats really there to complain about?
Would you be OK if you went into a store and nothing had a price tag on it and when you went to the cashier to find out how much an item costs, the cashier responded by saying "I don't know, how much do you make?
It's more than 10%, and they know how much they pay because the information is on their completed tax return. The point is some low income people do pay taxes in the thousands, which is a lot of money for them when every dollar counts. Some low income people pay Zero, get all kinds of benefits, and some get free money sent to them.
There’s a big difference between not having a flat screen TV and “working people to an early grave”. If you don’t want the TV, don’t work. You make the assumption that rich people don’t work hard. In fact, many are workaholics.
You make the assumption that I don't know what "rich" people are like.
Hint: we rarely watch TV at my house, but we have a few.
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Do you feel the same way about tax slavery? I've posted the tax data (local, state, and federal).
The top 1% spends 43% of the year as tax slaves.
For the middle class, it's 25-27% of each year.
For the lowest quintile (20%), it's 13% of the year.
Which do you believe is adequate, and why isn't everyone subjected to tax slavery at the same percentage of each year?
I look more at what those of us who are at the upper end of your example here have to spend overall than how many months we have to pay taxes.
If you can pay taxes almost half the year and still come away with hundreds of thousands of dollars to pay bills, save for retirement, buy a home, a car, take vacations... you are kind of a jerk if you are railing mad at someone who walks away from their 13% of the year paying taxes and only has about 20k to live on...oftentimes for a family.
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I have to agree. Just have everyone pay a flat tax. You'd still have some paying WAY more than others, but it would ease some of the resentment those who pay way more than their fair share have for those who pay way too little, or pay no federal income tax at all when filing their 1040. PLUS, many would be less willing to always raise tax rates on others because that tax rate hike impacts them, as well.
Using 10%, as an example...
$35,000 earner pays $3,500
$3.5 million earner pays $350,000
Same flat tax RATE, wildly different tax AMOUNT
For access to the exact same government services/benefits (albeit the higher-income are locked out of access to many if not all government cash transfer services/benefits, like public assistance)
Would this mythical flat rate pay for all the things we need to pay for to keep the government's "lights on" as it were?
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