One more time, who pays what in taxes

[Gipper]

possible, water over the dam at this point.

Yes.

She is a secretary in a doctor's office. I don't suppose the doctor paid less in taxes than his secretary....but don't tell the libs....they need class warfare to survive.

 

[Arbopa]

Raise the tax rate on earned income, and the incentive to earn income drops in the same way. Why should the tax on capital gains be different from than on earned income?

Because capital gains comes from investment, thus from risk. The government want's those with money to 'risk' it.

 

[PLC1]

Because capital gains comes from investment, thus from risk. The government want's those with money to 'risk' it.

but it doesn't want people to work and earn money?

 

[dogtowner]

but it doesn't want people to work and earn money?

yes they want it as it = tax revenue. the problem is their appetite for revenue. its never enough.

 

[PLC1]

yes they want it as it = tax revenue. the problem is their appetite for revenue. its never enough.

That does seem to be the root of the problem, but an uneven taxation system is not helping either.

 

[Dr.Who]

perhaps a picture makes it easier to understand

Not that it will matter but it only enforces the explanation that the left choose to be ignorant.

The tables shows rates not what is actyually paid.

In reality all of those in the bottom 50% pay nothing at all. So the table shows that a person earning up to 10K would pay about 2%. In reality he pays nothing.

 

[PLC1]

In reality, he pays payroll taxes from the first buck he

 

[Dr.Who]

It's called a graduated income tax by most of us, but Marxism by others. Personally, I think it is a graduated income tax. Nothing wrong with that.

Where the issue gets confused is the difference in rates between earned income and capital gains. The latter is taxed at a different rate than earned income.

Why is that so? Obviously, it is because the people who make up the tax laws get most of their income through capital gains.

A graduated income tax violates the fundamental principle that everyon needs to be treated equally under the law.

 

[Dr.Who]

Raise the tax rate on earned income, and the incentive to earn income drops in the same way. Why should the tax on capital gains be different from than on earned income?

I agree. So lower both rates.