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To: NEMDF
Is it fair for one person to pay several hundred thousand dollars a year in federal income tax, regardless of how much he or she earns?

Sure it is.

If someone earns $100M in a year, and pays $1M income tax, that's a rate of 1%. Doesn't sound unfair to me.

26 posted on 10/17/2011 12:16:11 PM PDT by Sherman Logan
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To: Sherman Logan

Had a W2 across my desk recently for someone who earned $323,000. Federal taxes withheld: $89,000.


40 posted on 10/17/2011 12:34:46 PM PDT by NEMDF
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To: Sherman Logan
If someone earns $100M in a year, and pays $1M income tax, that's a rate of 1%. Doesn't sound unfair to me.

What does this person get for their $1,000,000 in taxes that you don't get? More likely, he takes a lot less from the government than most, yet he has more money confiscated per year than most of us would make in a decade. My opinion of a flat tax would go like this: How much is our budget? How many people do we have in the country? Divide the first number by the second, and send everyone a bill. I don't see why a person's taxes should be based on how successful he is in the first place. He is an American citizen, same as I. He has the same freedoms is afforded the same protections as I. If you want to place use taxes on certain items to match the user with the money supporting what is used (e.g. gas tax for roads), then fine. But taxing someone more because he works hard and is successful sounds Marxist - from each...

60 posted on 10/17/2011 3:26:29 PM PDT by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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