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Originally Posted by Brian Carlton
OK, so if $100K of tax for $300K of earnings seems about right to you, please elaborate on what Obama is trying to obtain by seeking more money from those who earn more than $250K or $300K or whatever figure you are unable to obtain.
If $100K seems about right, than I'm certain that you would agree that $120K is too much...............right?
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Not necessarily.
The tax rate structure used to place a higher burden on those at the top as compared to today's rates. I think it should be shifted back to the rates we had in the 1990's, or at least in that direction. I have no opinion about what specific rates are appropriate for each level of income. I just would like to see the system shift back toward where it was before W came along.
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With regard to your assertion that the tax burden has been shifted toward the lower income earners, maybe you could reconcile the fact that a person who earns $40K pays no income tax but a person who earned $300K pays $100K in income tax.
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The lower-level earner pays taxes, even if they are not income taxes.
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Maybe I'm not quite as smart as an attorney and you could possibly explain this discrepancy in light of your assertion.
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What's with the snarky comments? I haven't pretended to be any smarter than anyone else here. That's uncalled for.
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You are aware, of course, that the two individuals in the aforementioned paragraph use the identical amount of services from the Federal government?...
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How would I know that?