Axis wrote on Nov 25, 2012, 16:19:
What matters is the FACT that Cutter (and most of you liberals) think socialism is "rich paying fair share". What's also FACT is the IRS records indicating the rich pay 4x more than the middle class.
The rich may pay 4 times the middle class, but they make, pretty much by definition, 5-10 times minimum what the middle class makes (average household income being 50k a year, and the average "middle class" salary is 27k a year, and the definition of the top 5% of income is around 250k a year). So... yeah... fair share.
But the IRS tax code isn't about fair share, it's about equal burden. What I pay at 50k is supposed to "hurt" about as much as someone who makes 20 million a year. The number will be different, but the intent is to have equal burdens across the field. If you make 20 million a year (like Mittens), paying 15k a year in taxes is unnoticeable except in an empirical way. I feel that 15k a year on my 50k a year salary quite a bit. On someone who makes 25k a year, 15k in taxes would be crushing, to the point where you couldn't really live.
So, someone who makes 25k a year will pay around 5k in taxes total and feel it. I'll pay 15 and feel it, and Mittens, if the system worked as intended, should probably pay around 10 million to feel the same burden.
Or, if you go by the Eisenhower tax rates, he should be paying about 19 million in taxes on that 20 million dollar income.
Edit: Let's also not forget that the commons cost money to run too. What are the commons? Our legal system (both criminal and civil), state, local, and federal governments, our roads, our airways, emergency services, and so on and so forth. Wealth people, and I'm talking about the top 1% and higher, the people who make immense amounts of money, *constantly* use the commons. Whether it's using the civil system and state and county and city government for real estate, the regulated and functioning stock exchange system, or just the ability to safely defend themselves in a court of law, they use the commons *constantly*, and they use them at the highest levels and most expensive functions. It's only fair that they contribute more to the infrastructure that helped make them wealthy.
Unless, of course, you're an Ayn Rand-bot who believes the commons actually hurt business and man, in which case I will (seriously!) offer you a one-way plane ticket to Botswana where there are no commons and no government intervention, and you'll be free to create your fortune there as Nature intended it. Caveat: You're not allowed to bring anything with you. Clothes on your back, your passport, and 20 dollars cash. That's it. A true tycoon of business should be able to create a fortune in no time.
This comment was edited on Nov 25, 2012, 18:02.