And, once again, no answer to my question, nor do you address Lager's post, which sums up the issue nicely. I guess that you'd rather just talk $#'+. Typical, really, but not very informative.
I'll ask again: What constitutes a fair share of income to be taken out in taxes? Give me a number.
I have no problem discussing the proper level of taxation but if you start from the premise that only income taxes should be discussed, leaving out taxes that fall more on the working poor and middle class, you are not seeking an honest discussion.
Each time I heard that though, I wondered who was paying the 15% tax. Every oriental business person I have ever known, actually most small retailers or restaurateurs are quite the little tax cheats. I watch the owner of the Vietnamese market I go to routinely sell nonfood merchandise to other orientals without sales tax. When I grew up in a neighborhood of Jewish merchants, they didn't charge each other tax either.
WHAT?, 10 dollar an hour worker pays property tax? That doesn't happen. $10/hour workers don't buy houses. They rent, and they don't even rent from me because they don't qualify for my properties. And how on earth would you know what portion of my income MY property taxes are? Go to New Jersey. They pay $10,000 in property taxes. You just haven't thought it out.
Since yoyo likes to play little games by posting little stories allow me to retort with my own:
The U.S. Tax System Explained In Beer
Suppose that every day, ten men go out for beer and the bill for all ten
comes to $100.
If they paid their bill the way we pay our taxes, it would go something like
The first four men (the poorest) would pay nothing
The fifth would pay $1
The sixth would pay $3
The seventh would pay $7
The eighth would pay $12
The ninth would pay $18
The tenth man (the richest) would pay $59
So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the
arrangement, until one day, the owner threw them a curve ball. “Since you
are all such good customers,” he said, “I’m going to reduce the cost of your
daily beer by $20″. Drinks for the ten men would now cost just $80.
The group still wanted to pay their bill the way we pay our taxes. So the
first four men were unaffected. They would still drink for free. But what
about the other six men ? How could they divide the $20 windfall so that
everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted that
from everybody’s share, then the fifth man and the sixth man would each end
up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man’s bill
by a h higher percentage the poorer he was, to follow the principle of the
tax system they had been using, and he proceeded to work out the amounts he
suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid $2 instead of $3 (33% saving).
The seventh now paid $5 instead of $7 (28% saving).
The eighth now paid $9 instead of $12 (25% saving).
The ninth now paid $14 instead of $18 (22% saving).
The tenth now paid $49 instead of $59 (16% saving).
Each of the six was better off than before. And the first four continued to
drink for free. But, once outside the bar, the men began to compare their
“I only got a dollar out of the $20 saving,” declared the sixth man. He
pointed to the tenth man,”but he got $10!”
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar too.
It’s unfair that he got ten times more benefit than me!”
“That’s true!” shouted the seventh man. “Why should he get $10 back, when I
got only $2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison, “we didn’t get
anything at all. This new tax system exploits the poor!”
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks so the nine sat down
and had their beers without him. But when it came time to pay the bill, they
discovered something important. They didn’t have enough money between all of
them for even half of the bill!
And that, boys and girls, journalists and government ministers, is how our
tax system works. The people who already pay the highest taxes will
naturally get the most benefit from a tax reduction. Tax them too much,
attack them for being wealthy, and they just may not show up anymore. In
fact, they might start drinking overseas, where the atmosphere is somewhat
David R. Kamerschen, Ph.D. – Professor of Economics.