Originally Posted by nlsme
The top 1% receive more of your money than the drug addict. You pay a FAR higher percentage than the 1%. Read the article.
I did read it and many many others that have claimed this statistic. It's impossible to get around paying a payroll tax(unless you pull the classic CEO move and take a $1 salary with all those excellent stock options). Depending on your income this will range anywhere from 0-45%.
Whether you then manipulate the tax code with an obscene amount of deductions or credits is a totally different story all together. This could all be remedied by eliminating the IRS and having a simple code that taxes everyone at the same rate with no chance of deductions or credits.
Would you be happy then when everyone would be treated equally and paying the same percentage of their income?