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re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes

Posted on 9/28/17 at 12:04 pm to
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69358 posts
Posted on 9/28/17 at 12:04 pm to
quote:

The highest tax bracket was at one time over 90%
While technically true, the sheer amount of exceptions and deductions made the effective tax rate closer to 40%.

But let's step back.

It is immoral to confiscate 90% of somebody's income.

That is blatantly authoritarian.
Posted by Machine
Earth
Member since May 2011
6001 posts
Posted on 9/28/17 at 12:08 pm to
quote:

It is immoral to confiscate 90% of somebody's income.
that's the thing about morality. its subjective

some would say its immoral for a man to make 20 million dollars in a year, and honestly, i wouldn't feel the slightest bit of pity for him if he only got to take hom 2 million dollars.

i know i know, how can anybody survive on a mere 2 million dollars a year, and while lifestyle changes may occur, like having to sell your private island in the Caribbean or one of your four planes. people would just have to scrape by.
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