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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 Nuts4LSU
Posted on 9/28/17 at 12:04 pm to Nuts4LSU
quote:While technically true, the sheer amount of exceptions and deductions made the effective tax rate closer to 40%.
The highest tax bracket was at one time over 90%
But let's step back.
It is immoral to confiscate 90% of somebody's income.
That is blatantly authoritarian.
Posted on 9/28/17 at 12:08 pm to HailHailtoMichigan!
quote:that's the thing about morality. its subjective
It is immoral to confiscate 90% of somebody's income.
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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