Quote:
Originally Posted by stevo
kutulu - I'm looking at the charts you posted. Ok, the top 50% of wage earners collected 86% of all monies earned that year...ok. They still paid 96% of all income taxes. Wouldn't it be more fair if they paid only 86% of all income taxes?
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No, it wouldn't. Doing so would require everyone except the top 5% to have a substantial increase in taxes. The people in the bottom 50% alone would be looking at being taxed at a rate of at least 4 times their current rate. Why should we raise taxes on 90% of America so that the top 5% can get a tax break.
Life isn't fair. Period. Although it may be fair that the top 5% pay taxes at a disproportionate rate when compared to their income it's also not fair that people in the bottom 50% work just as hard and don't have health insurance or anything beyond the most basic needs (if even that much).
Like I said before, the top 5% are the ones who set the wages for the virtually all of the employees of the country. Their tax burden could be less if they chose to pay people a wage that realistically allows them to cover all their basic needs and health care.