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Reply #36: The income tax is already at historic lows [View All]

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UdoKier Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:40 PM
Response to Reply #24
36. The income tax is already at historic lows
And it's lower than almost any other industrialized country.

And we spend more on military and less on services per capita than any other western democracy. Even if you are in the 39% bracket, you only pay that on the amount over $278K, etc (this is 1998 rates, they are lower now) A typical wealthy person pays less than 15% of their actual gross income in taxes, after deductions and loopholes, so why all the whining?

Maybe you need an accountant.


BTW, if you disagree with the concept that people should pay more tax according to their means, you cannot be a true democrat, IMO.
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