Quote:
Originally Posted by Independent
In your example, I guess I'm failing to see when both parties pay 10% that it favors the rich?
Can someone else clue me in here?
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Let me elaborate, Indy.
When you're barely getting by, every dollar counts for things like housing, food, healthcare, insurance, car, gasoline, etc.
For somebody making $24000 a year, $2400 isn't just a significant chunk of change, it's a difference in their quality of life.
For the person making $240000 a year, the $24000 is an inconvenience. Furthermore, this person could be charged even more without putting too serious a crimp on their lifestyle. Charging them $30000 not only wouldn't really put the hurt on them, but it would pay for lower taxes on several people making $24000 - people for whom paying, say, 7% instead of 10% might make a big difference.