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Reply to "Elizabeth Warren"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]She speaks about the lucky few paying foward to the "next kid". Well, the top 1% are paying 40% of the federal income tax. The top 5% are paying 60% of the federal income tax, and the top 10% are paying 70%. Admittedly, some may not be paying the same tax rates. If that is a concern, let's have a flat tax. But I really don't see how people like Warren can intimate that successful people are not paying forward. Obama always trots out the "fair share" language. [/quote] I'm easily in the 1%. And the bottom line is this: I am sacrificing precious little when I pay taxes. We just write a check and that's that. I could not even tell you when it hits the bank account. Meanwhile, there are other people who have to make real family choices based on their taxes. The dollar amount of my bill, which is comfortably in the six digits, does not in any way represent the personal sacrifice of someone who has to pick and choose what clothes to buy for their kids or whether they can afford an apartment with an extra bedroom. It just doesn't and we should stop pretending that the absolute dollar amount measures sacrifice.[/quote] Thank you for this. Very well put. [/quote]
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