Reply To: Should The Rich Be Taxed? πŸ’ΈπŸš•

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#1674773
Ex-CTLawyer
Participant

@AviK
Please show me where I am being generous with someone else’s money as you state.
I said I’d be willing to pay an income tax rate of 50%.
I don’t set tax rates or impose them, I have one vote at the ballot box. I am no longer an elected official and when I was I was not one who set tax rates.

Someone has to pay for the roads we drive on, the military, schools, libraries, plowing the snow, etc and that takes money (tax revenue).

Please keep in mind that the top tax rate is not on every dollar, the rate rises as income rises. After a certain amount of income, needs are more than adequately met and more can be paid in tax for the greater good.
Believe me, I don’t need 73% of every dollar earned in excess of 600K (includes spouse). I could live just fine keeping 50% of earnings above 600K and think most would say the same.