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LOOK!, Someone said "Quoting NW_Rider from Jan 27 2010 2:19:37:
The federal government already pillages the upper class with taxes.
The top 1% amount for 40% of federal income tax
top 5% pays 60%"
Well DERRRR! IF two people , one who makes a billion dollars a year and another $10,000, ie under the poverty line, and both pay the same tax rate, %10 (which would be regressive, and thus unfair to the lower income person; the billionaire would contribute $100,000 and the poor person $1000.
The total revenue raised would be 101,000. The billionaire would pay %99 percent percent and the poor person %01. What is my point?
1) it is a economic fact that the super rich paying the same rate as the poor is unfair and regressive
2) In the above scenario even tho the rich is paying too low a rate, he is still paying %99 of the taxes collected
3) therefore it is total bullshit to try to argue that because the top %1 pays for %40 of the federal income tax the top are paying too high a rate. Maybe you should take some philosophy classes, especially logic classe
If everyone could figure out what %20 of $10,000 is and %20 of $1billion, they wouldnt be making stupid assed arguments like
1) the top X percent pay greater than X percent of taxes.
:. the top pays too much taxes.
That is just bullshit. I showed that hypothetically, if both the wealthies and most poor person paid the same tax percentage (which is unfair to the poor person because it is regressive), the top person would pay over %99 of the taxes.