Well, the rich DON'T pay a higher percentage of their income in most taxes, that is the point. For example, SS taxes are only taken out of the first $90,000 or so of your income. I'm not sure exactly what the figures are, but I think they take roughly 10% for SS. That means, if I make $25,000/year I pay on 100% of my income, etc, but if I make $250,000 a year, I pay SS tax on roughly 36% of my income. Is that "fair?" No.Originally Posted by sparks19
And most rich people have such good tax lawyers, etc, I'm sure that very few pay "fairly." Also, most truly needy people probably don't pay many income taxes, if any at all. It's the middle class that carries the burden- is that "fair?"
Also, I'm not going to make judgments on how much money per year is "enough," but keep in mind, $20,000 in Pennsylvania goes a lot further than $20,000 in California.
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