Tax the rich? 14 Facts you may want to consider first.

[mookiemookie]

Originally Posted by Webster

i will give you a choice, there is a guy just like you standing over there and i tell you to choose to make him pay more so you dont have to pay anything for taxes or you and he will both pay the same percentage of your income. now how many people will choose to pay an equal amount based on their income or choose a free ride because they can?

And I'll respond with the same thing I said before: what's going to raise more money? Raising taxes on the those who bring in 90% of the total wealth in this country, or the rest who bring in 10%? It's very simple math.

Originally Posted by Tchocky

[citation needed]

It's a red herring misrepresentation. 50% of Americans may pay no federal income tax, but that little nugget fails to count the payroll taxes they pay (Medicare & Social Security), the excise taxes they pay, sales tax, property tax, state income tax. It's complete bull.

That being said however, I am all for closing tax loopholes.