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=henry quirk
Why would you tax someone with an annual income of $10K or less, 5%, and, someone with an annual income of $500K and above, 40%?
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You shouldn't. Everyone should pay.
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That is: what does the number of dollars one has have to do with how much of any one dollar should go to taxes?
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It should have no bering on how much one pays but it does. The wealthy pay most of all federal income tax in the country and often the Uber-wealthy pay little to none, while have pay little to none on the other end of the scale. The system is broken.
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-**What is the purpose of taxation?
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Article 1, Section 8, US Constitution.
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-What’s the purpose of governance?
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"....(In)Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity..."
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-Especially in the American system: do we have 'governance', 'proxy-hood', or something else entirely?
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At what level? Federal, state, or local?
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*What is equitable ('fair') taxation? That is: if you had your say, how would you structure American taxation (on the local, state, and/or federal levels)?
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Everyone would pay the same percentage of income at all levels, with the exception of a very low threshold based on current poverty levels.