I think there should be more, harsher, brackets as you go up.
I also think we should probably tax unrealized gains. Or do something about like “I get a loan against untaxed assets” stuff that let the rich enjoy their wealth without paying for it.
But even all of that aside: People should pay their taxes because they benefit from it! Everyone benefits from functional fire departments! And libraries, and roads, and buses, and so on! And since taxes are percentage, the poor people are typically paying less already. (The part where some rich don’t technically have “income” should be patched)
I have a little more sympathy for people who are making 50k/year that feel like their tax burden is too high. But people making $200k/year can fuck off about that.
(Also I think a lot of the squeeze now is from rent and food costs being unchecked)
That sounds like you change the existing progressive taxation system so the first chunk of income isn’t taxed at all. That’s not really a huge change
https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
I think there should be more, harsher, brackets as you go up.
I also think we should probably tax unrealized gains. Or do something about like “I get a loan against untaxed assets” stuff that let the rich enjoy their wealth without paying for it.
But even all of that aside: People should pay their taxes because they benefit from it! Everyone benefits from functional fire departments! And libraries, and roads, and buses, and so on! And since taxes are percentage, the poor people are typically paying less already. (The part where some rich don’t technically have “income” should be patched)
I have a little more sympathy for people who are making 50k/year that feel like their tax burden is too high. But people making $200k/year can fuck off about that.
(Also I think a lot of the squeeze now is from rent and food costs being unchecked)