You're not wrong, for sure.
I certainly don't feel sorry for the rich, but I've long disliked the idea of taxing them at a higher rate than anybody else.... The idea of punishing them for being financially successful doesn't sit well with me (I am aware that a lot of them don't pay anywhere near their fair share with tax loopholes).
You're not wrong, for sure.
I certainly don't feel sorry for the rich, but I've long disliked the idea of taxing them at a higher rate than anybody else.... The idea of punishing them for being financially successful doesn't sit well with me (I am aware that a lot of them don't pay anywhere near their fair share with tax loopholes).
Even as a life long Republican (till about 6 years ago) I had no problem with wealthier people paying a higher percentage of their income in taxes. What I have always thought though there should be a limit. Maybe a law that says nobody should be able to be taxed over XX%. Make that 40 or 50%. Then, get rid of a lot of loop holes that allows them to not pay very much.
I don't have a problem with someone making $50,000 per year paying maybe 15% while someone making $500,000 paying 30%. Understanding that it's not 30% on ALL of their income.
What I have a problem with is someone being taxed at a level of say 70% or 90% like has happened a few times in our history.
I see cognitive dissonance when I compare the things you give f#&%s for and the things you think people should stop whining about.
No one is punishing anyone for being financially successful. 10 million dollars spends a lot differently than 10,000. And at a certain point accruing excess wealth is more harmful to the country/economy/humanity than it is beneficial to the earner. We need roads, bridges, electricity, education, defense, etc.You're not wrong, for sure.
I certainly don't feel sorry for the rich, but I've long disliked the idea of taxing them at a higher rate than anybody else.... The idea of punishing them for being financially successful doesn't sit well with me (I am aware that a lot of them don't pay anywhere near their fair share with tax loopholes).
Even as a life long Republican (till about 6 years ago) I had no problem with wealthier people paying a higher percentage of their income in taxes. What I have always thought though there should be a limit. Maybe a law that says nobody should be able to be taxed over XX%. Make that 40 or 50%. Then, get rid of a lot of loop holes that allows them to not pay very much.
I don't have a problem with someone making $50,000 per year paying maybe 15% while someone making $500,000 paying 30%. Understanding that it's not 30% on ALL of their income.
What I have a problem with is someone being taxed at a level of say 70% or 90% like has happened a few times in our history.
No one is punishing anyone for being financially successful. 10 million dollars spends a lot differently than 10,000. And at a certain point accruing excess wealth is more harmful to the country/economy/humanity than it is beneficial to the earner. We need roads, bridges, electricity, education, defense, etc.
The country has been economically very successful when the highest earnrs were taxed at the highest rates.
I am poor but I can't get behind this.No one is punishing anyone for being financially successful. 10 million dollars spends a lot differently than 10,000. And at a certain point accruing excess wealth is more harmful to the country/economy/humanity than it is beneficial to the earner. We need roads, bridges, electricity, education, defense, etc.
The country has been economically very successful when the highest earnrs were taxed at the highest rates.
I am poor but I can't get behind this.
I could live with no income tax for people making say...under 30,000 a year...and then everyone else pays a flat tax rate.