Reply to Is 39% tax rate for wealthy really fair?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a democrat, but I'm not sure I understand the justification of the wealthy paying such a high tax rate.  Can someone explain this to me?  We are middle class and pay about 12%.  It seems like 39% is quite high, even for the wealthy.  This seems like more than their fair share.  What am I missing?  [/quote]

I'm in that bracket...and a Republican.  However you may be surprised by my answer:

You're not missing anything.  Instead of using "unfair" I'll just say that is is not proportionate.

I don't mind paying more taxes - I can afford to do it, and we ought to do it b/c the country needs help.

However - what I bristle at is that people who pay nothing, get to criticize me for "not paying my fair share".  In that regard it probably is just semantics, but if you're paying zero and I'm paying more than zero, how do you get to criticize?  :-)     I think Mr. Obama should have made everyone pay something  even if it means "$100" as a token below a certain income level.   While it may not cure the debt problem we have, the "token" amount will make people like me more willing to pay a disproportionate amount of taxes.

Taxes aren't even the problem - it's a spending problem.  Even if we all pay what we're supposed to pay - it's less than a ladle-full of water in a bucket.   We need to reduce spending in order to close the gap.[/quote]

Who are the people who "pay nothing", I'm curious. (Hint: payroll and sales taxes are "tax")

Oh, and it's not a spending problem, either. It's a "two decade-long wars" problem, and an "exploding cost of health care" problem. Return the tax rates to the Clinton boom years, and implement the ACA (or any other system that gets us spending an per capita amount health care that's on par with every other western democracy) and we're fine out to the horizon...[/quote]

We're talking about income tax.[/quote]

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