Quote:
Originally Posted by gtahvit
Only because its fair. I've been on both ends of the spectrum. And I worked so hard to get where I am. And when I look at my tax return and see how much money Is taken by the Gov. I almost relish the thought of making less money so I don't have to give a bigger percentage away. Quick example. When I got my first big promotion at my current Job I was so excited, My wife and I went to dinner we talked about trading in our beater truck for something new. The whole bit. Things are great for the next nine months. Then I do my taxes. The year before I got a $2000.00 check back. The next year I paid almost $4000.00. Because I moved from one tax bracket to another I actually had less take home pay after getting the big promotion. I was literally making more money before the raise because I was paying a lower percentage. Ever since that day I was convinced that we should all pay the same percentage.
The top 1% wage earners in the country earn 17% of the total income in the U.S. They also pay 35% of the total income taxes collected by the Gov. That's not fair. Its redistribution of wealth. Or IMO the beginning of a welfare state.
Also, please see my edit in the earlier post about mass transit.
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My parents hit sort of the same thing with an increase in pay that bumped them up to another tax bracket, they didn't lose money but they basically broke even. Did you fill out another W4 when you got the raise? That can affect things. Also, was the pay increase less than $6000 dollars? If it wasn't then you still gained money with the raise. Either way, I sympathize with you, but I do feel that the higher incomes ultimately should pay a bigger percentage. I know everyone works very hard for their money and hates to give it up, but there are a lot of reasons the government needs the money (yes they suck at spending it now, but thats another topic all together). If everything was fair, the distribution of wealth would be pretty even. Then how is it fair that the top 1% earn 17% of all the money? Are they working that much harder than the 99%? It goes back to the old saying of you are only as strong as your weakest link. If those top 1% were re-distributing the money through the economy, then I would be with you 100%. The problem is the majority of the top 1% don't do that, they go to foreign markets to spend their wealth on foreign cars, houses, vacations, anything they can outside of the country. You would see a major major downfall in the country if the money was not being taxed the way it is, not only because the gov't didn't have any money, but because the economy would desimate.
Oh, and I replied to your edit if you look closely
