i was under impression that he is currently only taxing the old man. red wants him to tax junior instead. if it's the same dollar amount, who cares when it is taxed? i'm asking, because I truly don't know sweet gig!
By amount not being paid? The rich, by far. Most of the 46%, as already explained, work, earn money and file tax returns. They are either so poor that the same standard deduction you or I get eliminates their tax debt or they are so rich that their tax credits eliminate their tax debt.
I have no problem with tax rates being based on income. It does not make much sense for someone who earns $30 million a year to pay the same tax as someone who earns $50,000. But I do not believe in soaking the rich philosophy. Right now the top 1% of the income earners in this country pay about 70% of the taxes, while over 50% of the population pay zero. It does not take an Einstein to figure out something is wrong with this picture. I tend to favor a national sales tax in lieu of the income tax, but I would also find acceptable a flat rate in which the first $35,000 of personal earned income would be tax exempt, and anything above that would be assessed a 15% tax. One hundred percent of corporate income would be taxed at 15%.
Look here rooster cogburn, you knew you didn't believe that before your fingers tapped it out on the keyboard. You are reaching now, I must have you on the run.:rofl:
After fifty years of major “tax reform” by both political parties, the middle class pays the same percent of income in taxes today as it did in 1960. The very rich (with incomes over $2 million) pay half as much as they did in 1960 and the richest households pay two-thirds less. Big corporations like ExxonMobil and General Electric have gamed the system so that they pay zero or little taxes. Wealth for the Common Good Shifting Responsibility
