Wry Catcher
Diamond Member
- Banned
- #2,081
A progressive income tax on income is a fair tax, since the same percentage of tax is applied equally to rich and poor alike.
Again illustrating that you don't understand the difference between being wealthy and earning high income. Please educate yourself. A high income does not mean you are wealthy. A low income doesn't mean you are poor. A multi-billionaire can earn $30k in income for a year... is he poor?
No, likely his wealth is produced by the import of drugs or his daddy left he and his brother a business. Why do you and Rabbit continue to post non sequiturs?
You have no idea where someone's wealth came from. WTF? Drug dealer or daddy left him and his brother a business? What the hell is that supposed to even mean? Again.... WEALTHY people do not need to earn incomes. If you think that is who is earning high incomes in America, you are ignorant. By and large, the majority of taxpayers in the top marginal bracket are small business owners. ALL small businesses file income tax as individuals.
I doubt, "the majority of taxpayers in the top marginal bracket are small business owners". In fact, I'll post the Forbes 400 and prove you're a liar:
The Richest People in America List - Forbes
Let me add that those with enormous wealth don't leave their assets in the mattress, they are invested somewhere and that they don't declare income is no surprise.