Quote:
Originally Posted by Hyoi
The reality of the precious progressive taxation system is that, above a certain income, individuals take advantage of techniques and loopholes that are economically out of reach for those below that certain level of income. The table states that they should pay 30% of income when in reality many, many, many pay glatt's "little or nothing".
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I'll admit that owning a house gives me a huge loophole and owning a house is not an option for many people of lower incomes. So you have a valid point there. But all the other loopholes that I take advantage of are available to people of any income level. Most are means of funneling off income pre-tax to pay for health spending accounts, retirement accounts, and college savings accounts. The government puts those "loopholes" there because it wants the public to have a certain behavior and it rewards that behavior. The government wants me to save for the future and it makes it easier for me to do so.