After all is said and done and all races paid, the average American pays about 35% of their total income in taxes.
In the last election, Mr. Romney disclosed that he paid just 14%- and that was higher than the 11% he legally could have paid. What the income is derived from makes an enormous difference; wages get taxed at drastically current rates than business gains- to say nothing of real estate.
Your words betray you as one who needs to learn this country's tax code before you can be trusted to speak intelligently about it.
But that's not even the worst part;
BECAUSE they're underpaying their taxes on a massive and ongoing scale, they're accumulating ever more wealth without having to work for it.
In other words, a class of 'nomenclatura' as they're known elsewhere, oligarchs- or just plain corporate fascists.
America was not founded on an ideal of inherited monarchic style feudal lords; it was created IN DIRECT OPPOSITION TO SUCH AN IDEAL.
Our country does best when the rich are taxed at high rates, which returns capital to the commons where it does more good to the economy and society.
That's my basis for a 75% tax on all income over the first million per year, regardless of source.
