Slantedfacts
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Engimo said:Indeed. Also, when you are talking about people with lower income, they need to spend most of their money just to live.
Say that I make $30,000 a year and I pay 30% taxes on that $30,000. That's $9,000 in taxes, leaving me with $21,000 after taxes.
Now, suppose that I make $300,000 a year and I pay 40% of my income as tax. That's $120,000 in taxes, leaving me with $180,000 after taxes.
Sure, the rich guy pays more in percentage, but when you have a lower income even smaller percentages can equate to a large difference in quality of life and ability to survive. That $9,000 that the poorer guy pays is a lot more detrimental to him than the $120,000 that the $300,000/year guy is paying.
Yeah - but the higher taxes that the $300,000 a year gets hit with makes some less insightful poor more inclined to be slothful.
My household made "80 G" (not bad for a guy that was terminally homeless 9 years ago!) - hope we can get a TON on our tax return! :applaud