09-23-2011, 07:46 AM
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#49
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Makes some feel uncomfortable
Join Date: Dec 2005
Posts: 10,346
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Quote:
Originally Posted by henry quirk
annual income $10K or less: taxed at 5%
$10K to $20K: 10%
$20K to $50K: 20%
$50K to $100K: 25%
$100K to $500K: 30%
$500K and above: 40%
Why would you tax someone with an annual income of $10K or less, 5%, and, someone with an annual income of $500K and above, 40%?
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Quote:
Originally Posted by henry quirk
annual income $10K or less: taxed at 5%
$10K to $20K: 10%
$20K to $50K: 20%
$50K to $100K: 25%
$100K to $500K: 30%
$500K and above: 40%
Why would you tax someone with an annual income of $10K or less, 5%, and, someone with an annual income of $500K and above, 40%?
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Taxes should be on any income above a subsistence level*. How can you ethically ask someone to pay taxes when they can't feed even their family?
*TBD
__________________
 "I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce
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