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webedoomed
Yea, that is just a ridiculous analogy.
First off, you can't simplify it into mere decile. The top .1% can begin to influence political policy, hire creative accountants to earn further tax reductions, and find loopholes to hide monies in offshore accounts. I bet they can do much more, depending on how knowledgeable they are.
Honestly, a flat tax of 20% across the board, with NO tax loopholes should suffice any government. If it doesn't, figure out where the bloat is and cut the most useless programs.
The current system is far too complex to say any which side is being unfairly oppressed. It depends on one's knowledge-base, intellect, and particular set of circumstances to what extent they will even be capable of exploiting the system.edit on 15-1-2014 by webedoomed because: (no reason given)
neo96
The analogy doesn't fail for the simple fact the more people make the more in taxation they pay.
Someone who makes $1 million bucks at a 35% tax rate will pay $350,000 to the federal government.
1 Person...Makes 1,000,000...and pays significantly less than the 35%...Romney paid 14%..(140k)...but whatever..
But the law also imposes for the first time ever a 3.8 percent Medicare tax on passive, or unearned, income, such as capital gains and dividends, for people in that same tax bracket.
70% of taxes in the USA are paid in other ways aside from Income tax...everything from groceries to gas to property taxes etc.