Quote:
Originally Posted by gimpy117
depends....what family could use it more? what family would probably put it back into the economy? or use it to pay off their house loan so they don't lose it?
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Why should I care? People being irresponsible isn't my problem. The only question is that if there is to be a tax cut, it should go first to the people overpaying.
A fair share of taxes is the budget divided by the taxpayers. Anyone paying MORE is overpaying. Anyone paying less is underpaying. The people overpaying the MOST need money back first, IMHO. That means drop the top tax rate.
I think anyone arguing in favor of some arbitrarily high marginal rate should have to explain why that rate is fair. Not that it collects X dollars, but why is 39% fair, and not 38.9%. That is what they are doing, they claim that the fair rate on 250,000 is X, and that on 250,001 is X+Y. I've read the Constitution, and I try to deal with people fairly in RL, but I'm not seeing the tax laws as anything but arbitrary.
A flat tax would STILL "soak the rich" (someone making 40k would pay 10X less taxes than someone making 400k even though the lower income guy likely uses MORE government), but at least it
feels fair, and is simple, and perfectly predictable making long term planning easy.