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IRS: Nearly 1,500 millionaires paid no federal income tax in 2009
#13
rjmacs wrote:

Except if it's truly a 'flat tax,' then EVERYONE pays 3%, and that is ALL that ANYONE pays in income tax, period. And the bottom line is: for the purposes of reasonable living standards, $750 is a lot LESS affordable to someone making $25,000/year than $24,000 is to someone making $800,000 a year.

This logic is motivated by the notion that taxes must hurt equally. Solely collecting enough revenues is not enough. Tax'em until they cry. Then you know you have hit the right rate. You are subscribing to the from-each-according-to his ability philosophy
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Re: IRS: Nearly 1,500 millionaires paid no federal income tax in 2009 - by Dakota - 08-09-2011, 12:48 AM

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