Source: Democratic National Party
quote: Can't remember the exact figure, but doesn't the top 10% pay ~70% of all net taxes? And the top 40 pay more than 90%.
quote: The top 20% owns owns about 85% of the total wealth in the country so I see no problem with them paying 85% of all net taxes.
quote: Set a spending budget, collect that much in taxes, or the other way around if you want to limit government.
quote: That way people who only made $1,000 that year pay $100, and the people who made $1,000,000 pay 100,000. That would make the millionaire pay one thousand times the amount of the person making only 1,000 that year.
quote: My opinion is that you need to make an allowance for basic cost of living. Break up how people spend their incomes into needs and wants. Needs shouldn't be taxed, wants should be.