Quote:
Originally posted by Bill Verburg
I have a huge problem when my marginal rate is bigger than some guy w/ 3x the income
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Why? If you make $60K/year and pay 15% or $9K in taxes and another guy makes $600K/year and pays a 10% rate and pays $60,000 in taxes, do you not think he's paying his "fair share"? He's paying as much in taxes as you earn and he's still paying almost 7 times as much in taxes as you. What's his "fair share". How much more schools, roads, national defense does he use than you? That is my fundamental problem with taxes. The rich guy gets a 10% tax break to 9% and he still pays $54K in taxes and you bit(h cause he got more tax cuts in absolute dollars than you, even though he still pays almost as much in taxes as you earned! I think its very unfair that Bill Gates pays hundreds of millions in taxes (and I believe he does). Do you have kids in school, now or ever? The fact is that the average working joe doesn't even pay enough taxes to educate his own kids in K-12. In CA we pay about $7,000/kid to educate in K-12. If you have two kids, thats $14,000 in tax money for school, let alone police, fire, roads, flood control, etc. Most people don't want to face this little fact. So who actually pays for all those middle class and lower kids to go to school, and all of the other government services you get? Answer... the Rich.