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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (358521)11/15/2007 4:59:35 AM
From: Elroy  Read Replies (1) of 1572942
 
If he makes $340k and his state and federal tax rate combined is ~40%, he pays ~$136,000 in taxes EVERY YEAR (before deductions). That's not a "fair share"? How much should he pay, per year, in your mind?

How many people do you think pay that $136,000, assuming that's a real number?

Of course people making $340k probably pay less than $136k due to deductions. But the point I was responding to was about the rich carrying their "fair" burden, not about how deductions distort that burden. If one wants to argue for reducing various deductions, that's fine, but that's a different conversation than what's "fair" for the wealthy to pay in taxes.

Before deductions a person making $340k per year owes about $136k per year in tax. That seems quite a healthy contribution to the USA if you ask me.
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