Reply #8: Here are my answers [View All]

[taught_me_patience]

What should be the tax rate for income of $250,000 per year?

-35%. $250k in major cities is NOT a lot of money and that level should be excessively taxed.


And what should be the tax rate for income of $25,000 per year?

-5% Everybody should pay income taxes because everybody benefits from the income taxes.


It seems that most of the Democrats in Washington want the tax rate to increase only for those making $250K or more per year and then only by 3%? Is that a fair rate and is that enough to pay for our government needs?

-Not even close. This is a complete and total pipe dream. Taxes need to rise for everybody.

Shouldn't everyone have to pay something?

YES

Can we accrue enough revenues to run government if the middle-class does not contribute more? Do you think $250K is "middle-class"? Or is it in the top 3% of American incomes? How can the top 3% be in the "middle class"?

No... everybody needs to contribute more. Like I said, 250k in expensive cities is middle class.

I do not see us getting out of this hole we are in unless everyone pays more. What do you think the tax rate should be for those making $250,000 annually?