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Old 09-22-2011, 05:37 PM   #11
henry quirk
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Join Date: Jan 2009
Posts: 2,162
First, thank you, all, for participating in this thread...

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In another forum (the couch) the forum owner responded to my *question with this...


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%


...she had other suggestions for tax equity but the above is what struck me and prompted this question (to her, and, now, to you)...


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%?

That is: what does the number of dollars one has have to do with how much of any one dollar should go to taxes?


Other questions:

-**What is the purpose of taxation?


-What’s the purpose of governance?


-Especially in the American system: do we have 'governance', 'proxy-hood', or something else entirely?






*What is equitable ('fair') taxation? That is: if you had your say, how would you structure American taxation (on the local, state, and/or federal levels)?


**Keep in mind: the first income tax was a war tax…generously, then, taxation (in any form) is the fuel for the mechanism of governance (at least, that's my view...what's yours?)
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