on June 03, 2013
$100 X 10 % = $10.00 = $100,000 x 10% = 10,000. (Fair)
$100 X 10 % = $10.00 < $100,000 x 20% = 20,000. (Not Fair)
according to http://www.ntu.org/tax-basics/who-pays-income-taxes.html,
In 2009, the top 1% pays 36.73% and the top 10% pays 70.47% of all income taxes while the bottom 50% only pays 2.25%.
If the bottom 50% do not pay taxes are they more likely to vote for a party who wants to increase taxes for the top 50%? What does this proposition do? Does it drive the divide between the top and bottom income brackets while minimizing the middle class? Does it permanently ensure we have a redistributionist government? Does it remove the incentive to move up in the social class? Does it increase the desire for the top 50% to do business in other countries or states that have lower taxes? Does it take money away from businesses that could be used to hire more people? Does it increase the number of people dependent on government vs people independently working with private business? Does dependency increase the likelihood of upward mobility or does it encourage complacently? The beauty of the founding of America is that you have upward mobility based on the amount of effort you put into what ever you do.