Quote:
Originally Posted by ErVikingo
In essence, the system tries to tax everyone similarly but regretfully what actually happens is that the more successful you are the more you pay.
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See that's what i'm trying to wrap my head around. Is it better to tax you on a percentage, assuming everything the same, of the work you contribute? Therefore whether you make a lot or a little, 30% of you contribution to society is being taxed no matter what you make. Or should people all pay the same income taxes (those who can) even if the percentage taken from your check is higher than that of someone who makes more? This assumes all citizens equal in how much money they contribute to the government no matter what the actual dollar amount of there worth is.
It seems the tax bracketing system is meant to tax you the same within that bracket no matter the value of your work, it's always a certain percent. However this applies to the working class of people who depend on a steady taxable income. But then the capital gains tax is half the percentage and so now is contradicting the idea behind the bracketing system it seems. So it promotes people to buy, sell, and trade things with a lower taxing rate than to actually be apart of the working class that contributes to society while making an income. This seem right?