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It's Paul Ryan for VP
Message
 
 
To
29/08/2012 12:50:22
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01550345
Message ID:
01551891
Views:
44
>>>>
>>>>What makes YOU think that I should pay 35% tax and the guy that makes 1000 times as much as me pays 14%? Where is this magical entitlement I'm getting in this formula? How is me paying more making less turn into me getting fruits of someone else's labor? How is me asking someone else to do what I have to do "punishing" them? I'm confused on how you think this has merit.
>>>>
>>>
>>
>>>Do you think that the guy who makes 10 times more than you should pay 65% tax? :)
>>
>>No - that wouldn't be fair to the other guy.
>>
>>
>>> Or the same tax rate for you and him/her to would be fair?
>>
>>I think that would be fair. I also think that those people working at McDonald's for 8 bucks an hour (or anyone at the poverty level) should being paying less than me.
>
>According to the tax schedules, they do pay less than you. Before deductions etc... What is interesting is how the 35% get down to 14% and even less somehow.
>
> 2012 Individual Income Tax Rate Schedule (for Tax Returns Due by April 15, 2013)
>Tax Rate 	Single 	Married/Joint 	Married/Separate 	Head of Household
>10% 	$1 - $8,700 	$1 - $17,400 	$1 - $8,700 	$1 - $12,400
>15% 	$8,701 - $35,350 	$17,401 - $70,700 	$8,701 - $35,350 	$12,401 - $47,350
>25% 	$35,351 - $85,650 	$70,701 - $142,700 	$35,351 - $71,350 	$47,351 - $122,300
>28% 	$85,651 - $178,650 	$142,701 - $217,450 	$71,351 - $108,725 	$122,301 - $198,050
>33% 	$178,651 - $388,350 	$217,451 - $388,350 	$108,726 - $194,175 	$198,051 - $388,350
>35% 	over $388,350 	over $388,350 	over $194,175 	over $388,350
>
>Obviously most will not pay close to the percentage listed above - unless they are in the lowest bracket and have no means to adjust their tax liability as most in the higher levels do. In reality, the highest levels manage to pay a lower percentage -
>
>Personally, I don't think anyone making less than or at the poverty level should pay taxes period. As long as they are working, they are contributing - that means an actual effort. I think tax rates should go up with the greater the means to pay. However I do not think it should go so high as to negate your increased effort to increase your return.

We are in complete agreement! Will wonders never cease.
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