How idiotic is it that we have people who make more money paying less taxes? -I think there is a popular misconception that all people that are higher earners are paying less taxes. There are a lot of people that fall in to that "over $250k" household bucket that pay 30 plus% of their income to taxes. This is because they are earning an actual income through salary etc and not through dividends or other investment/inheritance earnings. You find a lot of small business owners and other professionals in this space. Imagine you earned $100k a year and had to give $30k+ of it to a govt you thought was doing a piss poor job of managing it's finances? Now, imagine you had some people holding up signs and screaming about how your family was wealthy and needed to pay more.
There's a group of earners that I believe are unfairly in the crosshairs right now. Granted, there are those people pulling in a lot of money that through loop holes and low capital gains tax are gaming the system, but it's important not to confuse the two imo. That's what I like about a potential flat tax above the poverty line. If there were truly no loop holes and capital gains were also set at the same rate, it would be great. -I'm sure to any actual economist, this is la-la land stuff and has no shot in hell of ever coming to fruition.