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JoeRedskin · 04-19-2007, 11:40 AM

One of the underlying principals of progressive taxing is that, if you are making more, you have benefitted from the system more. While the top 1% pay 35% of the taxes, they also hold approximately one third of the nation's wealth. The top 10% hold (approximately) 60% of the nation's wealth.

You are right, the harder you work, the more you pay in taxes. Unlike in many countries, however, there is still an incredible incentive to work hard. From just brief internet research, it appears to me that America's tax to GNP is significantly less than most countries in the world. US taxes are slightly less than 30% of the GNP as opposed to European countries which tax, on average, at about 50% of the GNP.

In America, the wealthy are entitled to retain wealth. More millionares AND billionares (in US Dollars) live in America than anywhere else.

04-19-2007, 11:40 AM	#2
JoeRedskin Contains football related knowledge Join Date: Mar 2004 Location: Second Star On The Right Age: 62 Posts: 10,401	Re: Time for a flat tax One of the underlying principals of progressive taxing is that, if you are making more, you have benefitted from the system more. While the top 1% pay 35% of the taxes, they also hold approximately one third of the nation's wealth. The top 10% hold (approximately) 60% of the nation's wealth. You are right, the harder you work, the more you pay in taxes. Unlike in many countries, however, there is still an incredible incentive to work hard. From just brief internet research, it appears to me that America's tax to GNP is significantly less than most countries in the world. US taxes are slightly less than 30% of the GNP as opposed to European countries which tax, on average, at about 50% of the GNP. In America, the wealthy are entitled to retain wealth. More millionares AND billionares (in US Dollars) live in America than anywhere else. __________________ Strap it up, hold onto the ball, and let’s go.