[quote=afx114]No, my point is that everyone should pay an amount that is equal relative to their income. Having to pay $1,000 in taxes on an income of $10,000 could affect how much food gets put on the table or if the kids go to college or if the electric bill gets paid. Having to pay $1,000 in taxes on an income of $1,000,000 means a few less rounds of golf. Big difference.[/quote]
Except the tax on $1,000,000 is about $326,999.
I love the idiotic $1000 tax on one million. On one million, California imposes a surtax of 1% on top of the 9.3% income tax. So lob in roughly $93,000 of State tax.
So yeah, it’s tax the millionaires. Paying $400,000 in taxes isn’t enough, they should pay more!
