Re: Nice Joke
"I mean, people making close to, and over, a million dollars a year are already taxed close to 50%"
I'm sorry, but this is precisely the type of ignorance that keeps us facing the problems we face.
There's been a number of prominant, wealthy individuals who have revealed that their total tax rate (that of their salary AND investemnt income) is well under what the average American pays, some as low as 11%.
If you seriously think the wealthy are paying 50% of their income in taxes, you're a fool. The tax rate on income over $375,000 is 35%. But considering people at that level make a significant proportion, if not the majority, of their income from investments, NOT salary, and capitol gains taxes rates are 15-20%, their effective tax rates can be much less than 35%.
50%... what a fool. Keep drinking the koolaid.