IRS, out of the nearly 237,000 households that reported more than a million dollars income, less than a single percentage point pay less than the average middle class household. The President was either wrong, or lying.
actually, since we are talking about tax policy, we are discussing income brackets - which are groups. Unless you would recommend a separate income tax rate for every individual in America?You have to look to them as individuals and not a group
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
I understand the argument that tax should be in relation to the benefit provided by said tax. I'm in favor of progressive tax systems so I don't want such a system, but I understand the logic behind it. It at least makes sense, it's more than rhetoric, you should stick with it.
In response, I might ask why social security is unique like that? Certainly I myself pay a lot more taxes than the welfare recipients, and I myself do not receive welfare. The tax I pay into the system going to welfare isn't based on my expected payout. Why should social security tax be different?
The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
According to Conservative, Buffett's salary is 100k, which would not put him in the highest marginal rate. Oops, one fact isn't a fact.(note: just checked, most recent year I could find, Buffett received "total compensation" of 175k, with 100k in salary)
FICA is a federal tax, and the rest is your opinion. So that is another fact that isn't actually a fact.
Care to try with some real facts? These phony facts are not doing you any good.