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“Tax The Rich At The Same Rate Or Greater Than The Average Rate The Middle Class Are Taxed With” makes for a bad headline, no matter how much clarity it brings
by altairprime 10mo ago
“Tax The Rich At The Same Rate Or Greater Than The Average Rate The Middle Class Are Taxed With” makes for a bad headline, no matter how much clarity it brings to the issue. It’s expected that the top 1% pay the top 99% of taxes in total dollars; that’s how a tax is supposed to work! All that’s needed is to address the unfairness in tax rate; 50% is the tax rate for $250k/year salary, so surely it’s fine to charge a billionaire the same 50% rate on their full earnings (without the ‘unsold gains’ loopholes, offshore holdings, and self-serving trusts exemptions).
I’d rather Romney hadn’t been driven by spite to chime correctly at 12 straight up on the stopped clock, but +1 advocate is still better than +0.