Quote:
Originally Posted by tompe
Eh? So the non-wealthy does not have this right to keep the money they earn then unless you defined fair in a strange way.
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If I understand correctly, he says that there is very high tax if you earn more than a certain figure.
For example:
If you eran 15K pa., the tax is 20%, so you pay 3K
If you earn 40K pa., the tax is 30%, so you pay 12K
If you earn 51K pa., the tax is 40%, so you pay 20K
If you earn 100K pa., the tax is 50%, so you pay 50K
However, if the percentage was the same 20% for everybody, then people who earn would not have to find ways to hide their income.
It would look like that:
If you eran 15K pa., the tax is 20%, so you pay 3K
If you earn 40K pa., the tax is 20%, so you pay 8K
If you earn 51K pa., the tax is 20%, so you pay 10K
If you earn 100K pa., the tax is 20%, so you pay 20K
Thus people who earn more would not be discriminated.
Although, I belong to the first line in the list, I think it is unfair on people who earn more. There is a point when you don't want to earn more, because there is no point, the tax man will get everything.
Then again...better them than us...