Jeb Bush: People Need to Work Longer Hours

[SamuelRSmith]

Augen said:

The key there is federal tax. They still pay FICA and state/county/city income tax.  Also, there is property tax, sales tax, etc. they contribute.

A big reason wealthy get taxed differently is most of them have large source of income via investments or capital gains which is taxed differently from earned income.  This is why it is possible for someone making more money to be taxed at lower percentage.

Any opinions on Rand Paul's plan? Eliminate FICA, $35,000 deductable + $5,000 per dependent (so family of four has $50,000 tax deductable), and a flat rate around 14%, also cutting corporate/business taxes to the same 14.something%