"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
not the 47% etc-just those who claimed that the top tax payers did not pay their fair share
here was your response
oh btw have you figured out your math error
if i pay 36 cents of taxes on my last dollar earned and I then have to pay 40C of taxes on my next dollar that is not a 3% increase in my taxes its a bit more than a 10% increase because 4 is what percent of 36?
Yes he has paid more tax dollars than I have. Dollars is not the issue here. The issue is a fair burden. I have said this before in many other threads. A family is in the 15% bracket and earns 30k a year jointly. They pay what? 4 grand about? That is fair. Someone who earns 275 million a year pays 15% of their salary and pays like 40 mil in taxes. That is a tiny little piece of that income compared with taking 4 grand from a family earnign 30k a year.