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Originally Posted by stevo
pan - By your statements, you understand that it is your hard work that earns your money. Its admirable that you are so adament about paying your fair share. The question is though, What is your opinion of a fair share? How much should the top wage earners pay, in your mind, in order to pay their fair share?
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In my opinion? I believe a flat tax of 17-20% with deductions only for families WITH CHILDREN that make under $100,000, and for families without children $30,000.
No loopholes, no deducting interest rates (nice scam but it allows people like my father who owns several properties a nice cut in and of itself).
I also believe if we make it 20% that 3% goes to pay down the debt and by constitutional law can only be used for that purpose. And once the debt is paid down the tax drops to the straight 17% (that's the number I have heard bandied about a lot in public debate).
I also believe that Capital Gains taxes, luxury taxes and estate taxes should go up also.