Reply to For those with high HHI ($500K), tax saving strategies

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[quote=Anonymous][quote=Anonymous]All the whining about taxes from people making so much is nauseating and uninformed. These people love to trot out the hackneyed statistic that all the people making the most money are paying most of the federal income tax, yet they never stop to consider what they just said — they pay the most tax because they make the most money! More importantly, however, when one considers TOTAL taxation — federal income tax, state income tax, local property tax, sales tax, payroll tax, personal property tax, etc. — people like OP pay similar portions of their income in taxes compared to middle wage earners.

I’ve never understood why people who have benefited so much from the US system/society begrudge paying somewhat more taxes than those who haven’t. Yes, these people use the same streets as the poor person, but they have extracted much more from the society’s overall structure and opportunities. Yes, to some degree that may reflect personal choices, but not completely. [/quote]

To be clear, the people making the very least not only pay the least amount of tax, but also the least percentage of their income in tax. While that might frustrate some, consider that there is an economy of scale to living: it takes a certain amount just to live; income beyond that is for upgrades, savings, and additional wishes. The poor have no savings because everything goes to survival. Any government programs that aid them should be seen as our subsidy for the below-living wage and benefits that employers pay them. Essentially, other tax payers are not only subsidizing the poor, but their employers too. [/quote]

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