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Re: Bush's tax cuts don’t work; rich pay record high, below the median pay record low!
Quote:
Originally Posted by Daseal
Firstdown, I'm running out now so no time to back up the numbers I have heard with statistics, so Ill try to remember to get into that later. My thing is if one household brings in 10 million dollars a year, and lose 40% of that, it's a huge chunk. If another household brings in 100,000 a year and lose 40% of that, they're crippled.
Firstdown, would you be okay if everyone paid (just pulled a number out, statisticians would have to come up with an accurate number for this) 20% of their income at the end of the year to the government? I think doing it on a base percentage is the best way to go about it. Although I still don't know if the very poor could handle something that large.
I guess I just have no sympathy for someone paying more taxes that has all the money/luxuries they need. The top 1% won't come tumbling down because of their taxes. I'm more concerned about the folks that lose their homes because they can't pay property tax, or that have to choose between putting food on the table and paying the government.
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Why are you saying $10 million? The top 1%, per this article, make above $388,000. There's a huge difference between that and $10 million
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