Quote:
Originally Posted by epitome
I don't consider someone making $250k a year wealthy. Not even $500k. That is where I differ with Obama.
Someone making $15 million a year is wealthy. I'd personally put "rich" in the 1-5 category.
Either way, the fact that I make a fraction of a fraction of a fraction of those people and pay more doesn't make sense.
Flat tax does that but will likely never happen.
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The fact is you don't pay more. If you make $80k a year and pay 25% you are paying $20k a year. If you are making $1m a year and pay 14% you are paying $140k.