Originally Posted by
Machismo
"Their fair share..."
Once again, what exactly des that mean?
Well, probably more than -15%. Somewhere in the ballpark of what they are supposed to pay in taxes.
Originally Posted by
Machismo
I'm all for stopping subsidies. Let's do it. let's stop green energy subsidies, farm subsidies, and all other subsidies pushed by the feds. Let's also get rid of tax credits and deductions while we're at it. I'd hate for people to not "pay their fair share."
Yeah, get rid of all loopholes, subsidies, treat everything someone gets in payment as income, and so on and so forth. No problem with that.
Originally Posted by
Machismo
In the United States, the top 1% pay over 26% of their income, just on federal taxes. That is considerably higher than other income levels.
Except they don't if you would read sources provided to you.
Originally Posted by
Machismo
As you pointed out, it's not terrible comparable, considering the sheer amount of state and local taxes that also come into play. You can see that with your source that showed the highest income bracket is 55% compared to 46%.
Are you trying to tell us that a) 55% is lower than 46% or b) that 46% even exists?
USA - income brackets:
Code:
Tax rate Taxable income bracket Tax owed
10% $0 to $9,875 10% of taxable income
12% $9,876 to $40,125 $987.50 plus 12% of the amount over $9,875
22% $40,126 to $85,525 $4,617.50 plus 22% of the amount over $40,125
24% $85,526 to $163,300 $14,605.50 plus 24% of the amount over $85,525
32% $163,301 to $207,350 $33,271.50 plus 32% of the amount over $163,300
35% $207,351 to $518,400 $47,367.50 plus 35% of the amount over $207,350
37% $518,401 or more $156,235 plus 37% of the amount over $518,400
Austria - income brackets:
Code:
Income (EUR) Tax rate (%)
11,000 and below 0
11,001 to 18,000 20
18,001 to 31,000 35
31,001 to 60,000 42
60,001 to 90,000 48
90,001 to 1,000,000 50
above 1,000,000 55
Originally Posted by
Machismo
I am capable of understanding the argument, and I happily turned it back around on you. Isn't time just as valuable as money?
Isn't murder just like parking in the wrong spot?