TheRealMafoo on 22 March 2009
| Avinash_Tyagi said: No, never said that, I said I want the rich to pay their fair share, with wealth so concentrated in their hands, they should be paying more than the 30 odd percent they are paying, the fact that their effective tax rates are dropping shows that they aren't paying enough |
But if you raise there tax rate (say, make it 50%), the GDP goes down, the total dollars collected from government goes down, thus taxes on all need to go up. (or the government just takes less dollars).
Also, being you care about "fair", I take it your for a flat tax? Say, 30% across the board. Right now, over 90% of all taxes are paid by the top 50%. The poor pay almost nothing.
With a "fair" tax, the poor pay more. I assume you're for that, if fair is what your after.
Unless you just hate the rich.
