Incidently, to be in the top 5% earners you need to earn around $300k, to be in the top 10% you need to earn around $195k. That puts you approximately in the top 7% earners. I'd say that's technically being within the group of the privileged.
Last I cheked I was in the top 5%. Personally I think that puts me in a privileged position that I very much appreciate. That appreciation includes being happy to pay tax, provided it helps to buffer ths dificulties faced by those who are less privileged, becaue they're the reason WE'RE not walking around knee deep in trash, the reason I can go out to enjoy a meal and be waited on, the reason I can go into a shop and have somone facilitate my purchases, the reason I don't have to take my own rubbish to the dump, the reason I work in a clean office, on the days when I work on site, the reason I can have somone else take care of my laundry and on and on. MY life would be less comfortable without them, they shouldnt have to scrape a living to facilitate MY comfort.
#1) I pay local taxes for Trash...it is not free and those persons do pretty well.
#2) Restaurants charge a lot and I leave a hefty tip to help the waitstaff. Well 20%.
#3) I shop online.
#4) We have a management company clean the office. We pay them well.
#5) We do our own laundry. Dry cleaning, no, but that helps another business.
So how much of my earned monies should I give to someone else because I worked hard and went to graduate school to achieve my level of "privelege and comfort"?
I know it isn't free, that's my point. I don't understand why people say we shouldn't pay for it, nor why those who do best from the system shouldn't pay more than those it doesn't serve so well.
If the federal tax rate were 10%, that would mean somebody making $30,000 would pay $3,000 in taxes. It would also mean that somebody making a million dollars pays $100,000 in taxes. Now that's on an equal tax rate which we don't have.
The point is no matter what the tax rate, the rich will always pay more than anybody else.
And why shouldn't they? They get more than anybody else.
Incidently the truly wealthy tend to pay a lower % of tax than the less wealthy, because they can afford to pay someone to arrange their finances in a way that takes advantage of tax loopholes, thus lowering their tax bills.
The top 20% of wage earners in this country pay nearly 80% of all collected income taxes. If paying 80% of all income taxes is not their fair share, then what should the top 20% be paying for the rest of us?
Link?
Assuming you have evidence for that, you know that only refers to the money knowm about right? It would be interesting to know about the offshore money that isn't taxed.
I haven't said the top 20% should paying for the rest of us. My view is people should be paid decent wages, comemsurate with their productivity.
The vast majority of money earned today, is earned on theevolved discoveries of thousand of years. What right do the wealthy have to declare ownership of the entire history of mankind, essentially ownership of the globe? How are you satisfied for another flesh and blood person to declare that nature or God (whatever you believe) declares him/her owners of what the planet produces?