Quote:
Originally Posted by gasman
So do you think we should tax everyone to the point they are living paycheque to paycheque? Everyone should be taxed such that everyone has the same level of lifestyle?
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That's a really weird conclusion to jump to. Someone making $2M/year is still walking away with around $1.2M - $1.3M after taxes under the current system. Even if you added a 60% rate on any income made over $1M, they're still taking home around $1M after taxes annually.
Would they maybe have to cut down on the number of toys and vacation homes? Possibly. But that's hardly living paycheck to paycheck.