I gather that you think it is right and fair that a multimillionaire pays a lower percent of income tax because his money comes from dividends, and a working stiff pays a higher percentage because he actually "worked" for his money. Well, you are entitled to that opinion - which make it no less stupid.
Brewha wrote:
Who says what is "right and fair"?
Is it you?
Me?
Is it "fair" that Mitt Romney paid MILIONS of dollars in taxes last year?
Think about that before you spout off with percentages.
Then think about the fact that dividends are purchased with money gained AFTER taxes have ALREADY been levied.
I don't think that every person should pay the same dollar value.
But the false argument of percentages, tempered with the wishy washy terms "right" and "Fair" is no way to discuss a topic like this.
Using that logic, we could say that it isn't "right and fair" that Bll Gates drives a nicer car than I do. Or Trump lives in a bigger house.
I say let's go flat.
Let's do the math and figure out how to levy a flat tax on ALL INCOME. No loop holes.
But be forewarned: you won't like it come retirement age.
Or if you sell a home to downsize. And the list goes on.
Unless, of course, you only want those pesky "wealthy people" to pay more...