Even better, tax really rich people who don't need tax cuts. Poor people will spend any more money they got, and we have a consumer driven economy. We should help poor people, not overpaid software engineers like me.
How much higher do you think that number should be?
Sort-of. http://www.slate.com/blogs/moneybox/2017/08/07/the_history_o...
For a less partisan source, with a neat "pick your income" chart that illustrates the flaws in the Mises argument for sky-high incomes (try anything over ~$500k/year), https://qz.com/74271/income-tax-rates-since-1913/
Despite have marginal rates >70%, very few people ever paid them.
$15 per hour for a teenager to sweep floors — now that’s being overpaid.
If you think you are undertaxed, there is a solution: https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm
In 2018, just over $700,000 has been donated. So clearly all of us “overpaid” people don’t really care.
I pay taxes for public transit I don’t use, public schools my kids don’t attend, healthcare I don’t consume, wars I didn’t ask for, bridges in places I’ll never go. I subsidize food for people I’ll never meet, housing, universal service fees; I pay sales taxes on everything, excise taxes created to pay for a war almost 100 years before I was born, subsidies to farmers, oil, green energy — we pay for all of this stuff. I am on with paying taxes, but dammit, I pay enough already. Over half of everything I earn goes to pay for government. I even had to pay US taxes when I didn’t even live in the US.
I understand taxes are necessary; but it’s not fair that I work 1 day for the government for every 1 day I work for myself. It doesn’t matter how much I get paid, what matters is that half of everything I do goes to taxes.
I worked very hard to get to where I am — that ought not result in being punished for it.
I consume just as much “government” as the guy standing next to me; why should I have to pay more than him?