Can someone explain to me why paying the same percentages of your income in taxes is equitable. Wouldn’t true equity be that each adult pays the same dollar amount?
If I’m not mistaken, the top 5% of wage earners pay over 50% of the taxes.
The arguments here are ridiculous…amazes me when intelligent people forget that returns on capital actually do effect investment. I spend a lot of time with the CEO of our company…I could care less how hard he works (though he does work harder than 99% of the population), but the guy makes multiple decisions every day that have impacts in the tens of millions of dollars. He’s worth every penny he is paid and more.
