TAX RATES THAT ARE FAIR
I think I may have come up with a analogy to explain fair tax rates and who should pay what.
We are living in a costal community and because of a earthquake we are being warned about a possible tsunami going to hit our community
Person-A Has a motorcycle he can take 1 person on his bike and take them to safety
Person-A is a poor person income wise ($15,000 annually )
Person-B- Has a SUV he can fit 6 people and drive them to safety
Person-B Is middle lower class tax wise ($35,000 annually)
Person-C Has a van he can take 12 people to safety
Person-C Is middles class ($55,000 annually)
Person-D Has a bus he can take 45 people to safety
Person-D Is a small business owner with 15 employees ($125.000 annually)
Person -E Has a fleet of 20 buses he can take 900 people to safety but says ‘No I am going to take 19 buses and get them out of town I will use 1 bus to help”
Person-E is in the top 1% (Over $1,000,000 annually)
So to do the analogy Persons A through D do what they can to help they do there part . If Person-E is not going to use all his available assets to get people to safety so laws need to be written to force him to used those assets to do the correct thing for the greater good or those assets need to be seized by the government for the greater good because as Captain Kirk once said "The Needs of the many outweigh the needs of the few or the one"
1 comment:
The point I am attempting is make is because because of the debate going on now on the "Buffet Rule" Is Buffet and other capitalist in the Top 1% are paying taxes on investments income at a lower rate than the income tax rate of his employees. That is wrong I want a flax tax rate for all Federal Taxes on Salary Income, Investment income , Gambling Income the only exception would be lottery winnings because that is state tax free so you should not pay Federal taxes on it either. I hope that clears it up
Post a Comment