Dad2three
Gold Member
If the 1%'ers get 80% of the nations income they should pay 80% of the taxes.
Each income level should pay the same percentage in taxes( as a group ... not individuals ) that they get of the nations income.
If a group gets 80% of the income they pay 80% of the taxes it takes to run the country.
If a group gets 10% of the income they pay 10% of the taxes it takes to run the country.
The wealthy receive far more FROM society therefore they owe more TO society.
What could be more fair than that?
What you describe is a flat tax, viewed as unfair to the bottom 49% which currently pays nothing. In 2015 the top 1% will earn 17% of all income and pay roughly 50% (up from 40% in 2012) of all federal income tax.
Somebody has to carry the load for the bottom 49%.
They need what our gov't provides just as much as the top 1%.
Top 1% pay nearly half of federal income taxes
"The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014, the largest share in at least three years, according to a study.
According to a projection from the non-partisan Tax Policy Center, the top 1 percent of Americans will pay 45.7 percent of the individual income taxes in 2014—up from 43 percent in 2013 and 40 percent in 2012 (the oldest period available).
The bottom 80 percent of Americans are expected to pay 15 percent of all federal income taxes in 2014, according to the study. The bottom 60 percent are expected to pay less than 2 percent of federal income taxes.
While the top 1 percent pay a larger share of taxes, they also earn an outsized share of income. According to the Tax Policy Center, they earned 17 percent of expanded cash income in 2014."
Yes INCOME taxes, 46% of federal tax revenues, near record lows as share of fed revenues