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

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[quote=Anonymous][quote=Anonymous][quote=jsteele][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]

The only way that you can be middle class and paying 12% income tax is by having significant deductions. If you do the same kind of math for the rich, they are not paying 39% either.

Also, for the "they aren't paying anything" crowd, the poor are paying payroll taxes which are a higher proportion of their income than it is for high earners. A lot of us didn't notice when the payroll tax holiday ended. You can believe the working poor noticed.

[/quote]

I actually don't buy the "but the poor pay payroll taxes" line. And the reason is it's directly tied to benefits they receive later in life. Sure, some die, but the tax you pay is eventually returned to you. At least that's how it is set up.[/quote]

Eventually? A lot of people get back more than they paid in due to credits, etc.[/quote]

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