Quote:
Originally Posted by Fidatelo
Ya, it's all about how much of your paycheck goes to essentials. The poorer you are, a higher percentage of your pay gets eaten up just by food, clothing, housing, basic transportation, etc. As you earn more money, the percentage of it that is more 'disposable' rises, so taxing you at a higher percentage doesn't affect your standard of living to the same degree.
|
Exactly, and it isn't like "tax them to the poor house" kind of need for equality. Just an "fair" spread of the damage, basically. A good tax would be the one equally felt IMHO. About as much damage done to the $35,000 income as to the $125,000, even if one is paying 15% and the other 25%.