this is a stupid term.......there is nothing fair in a capitalist system....its ability to pay as we have a progressive tax....BUT, wealthier citizens do not pay more because they are given more deductions from income...
progressive tax is good but better without deductions
the key to taxes is deductions............we need to lower the max tax to 33%band create a simple tax form for the wealthy
We will call it the 1040EZM....ez form for millionaire income
you write your name and social security number and your income, then you pay 33% on that money. Pretty straight forward and progressive. The govt has no business creating deductions
that make it unfair. There is no fair share as the end result of capitalism is income bias. And as such there should be tax bias or more on the wealthy. Capitalism is not the problem, its great,
politicians cater to their donors and thats not fair. Its bribery.
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Originally Posted by MrLonzo
With regard to taxes, I keep hearing the term 'fair share', but I don't know what that means. How much is a 'fair share' in dollars?
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