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Reply to "Is 39% tax rate for wealthy really fair?"
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[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] What you are missing is that the wealthy will also be taking large tax deductible items to bring the tax rate down. Twelve percent sounds REALLY low but is that after a lot of deductions? Mortgage interest, child care, health insurance, 401k, etc.?[/quote]
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