> Does that seem fair?
No, though it is not about fairness. Your slave owner takes part of the fruits of your labor. Why do you allow that?
No, though it is not about fairness. Your slave owner takes part of the fruits of your labor. Why do you allow that?
Income tax pays for ... ridiculous things like endless wars and spying on American income tax payers.
12% of federal budget went to national defense.
Most of it went towards Health Insurance, Social Security, and Welfare programs.
Did trustfundians pay income tax? How does the son of George Soros, who does not need income, pay income tax? The children of ultra rich are not tax slaves. They escaped.
I'm not sure I'm following what you're implying.
There's a baseline level of consumption required to survive. Meaning everyone eats, rents, drives to work, buys an entertainment system. Paying for what you consume is a regressive way of generating tax revenue as the tax is raised from the poor masses.
Progressive taxation exists because people with more income have more disposable income. When you tax a poor working single mother of three and she must choose between buying food or paying tax, you will get riots eventually. When you tax a millionaire who's choice is buying a sports car or paying tax, riots don't usually happen.