No Limits from a government regulation standpoint. Doesn't mean mega income should not be taxed at higher levels
From a personal ethical standpoint you could look at Warren Buffet and Bill Gates who have established their own limits on what they should earn and are donating Billions to charity
i don't think that income should be taxed AT ALL. It shouldn't be any of the government's business to know how much I make.
I support a national sales tax. Tax what I spend, not what I earn.
too many ways for the wealthiest to avoid the sales tax.....they can buy their big ticket items overseas in this global market.
What would be taxed is another issue....would purchases of stock on the Wall street market be considered a purchase being taxed? Would the purchase of ones house be taxed? would any purchases of anything overseas be taxed? Will ones purchase from the electric company be taxed, or the oil for heating be taxed?
Will food and necessities be taxed by this national sales tax?
How fair can it be if a person making $20 grand has to spend all of his money in purchases and all, 100%, of his money is sales taxed and the person making a million only gets taxed on 10% of his money?
Sounds pretty unequal and unfair to me.....