nerv14
Well-known member
- Joined
- Apr 27, 2009
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- Independent
is there any limit to what the top 1% should have to pay in your mind. MOre than a quarter is confiscatory in my mind and right now lots of people pay close to half their income in taxes once you figure in state, local, and federal taxes. If you leave more than a million than you end paying even more
I don't trust dem politicians to stop at a certain point if they think they can buy the votes of the minions
the income tax and the death tax never would have even received 15% support if the current numbers were contemplated when those taxes were passed.
In Europe they don't have an infinite progression like you are talking about, so it is a straw man to say that progressive taxation will lead to that in America.
Do you have any example on your side? I don't think so, which is why your fear is just a speculation.