Quote:
Originally Posted by JD Barleycorn
but why? You never answered the question. Why does someone who has more have to be taxed more, actually double taxed more?
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There is no "fair" when it comes to federal income taxes. We have had a graduated income tax possibly since the first day that the FIT was started. Today our top tax rate is 39.6%. In 1986 it was 50%. In 1979 it was 70%. So the rich are richer into today's U.S.
If you compare our top bracket to that of other similar countries, I think you'll find our top bracket to be among the lowest.
Some people pay 0% FIT. Is that "fair"? I am in the 28% FIT bracket. Is that "fair"? Although I, as most, would certainly like to pay less in FIT, I think the system is fair.