Quote:
Originally Posted by RainMaker
While I understand the argument that everyone should have skin in the game, the fact is that there is huge wealth disparity in the country and the tax rate has to adjust to reflect that. Wealthier people get far more out of the government than poorer individuals. The system is sort of built around them.
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Not only is it built around them, it's built so that they can mold it and reimagine the system to keep benefiting them.
Tax rates are at historically low levels. Even at my very low rate I could manage an increase. As long as there is money to be made, people will make it, regardless of how much they have to pay the taxman.
"No, I don't think I'll make this deal. It's just not worth it to make 15k when I could have made 25k if the damn tax rate wasn't so high." - there is nothing logical about this statement.