Federal Tax Laws: By the Rich For the Rich

[stickdog]

Taxation does not equal wealth redistribution unless you are an anarchist.

Government allows the free and lawful congress of society. Without government, life for the richest people would be like the Wild West. They'd have to hire their own standing armies to keep people from taking their stuff and moving on to their land.

Rich people benefit and have benefited most from the free and lawful congress of society. Therefore, rich people should pay more. Get more -- pay more; it's the American way.


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FICA is highly REGRESSIVE ~13% income tax on just the first ~$80,000 people make. If you make a million a year, your effective FICA liability is about 1%, not 13%. Since FICA is pooled with all other government revenues and we STILL run a huge deficit, it's no more than a highly regressive income tax.

Nobody in this country pays a higher percentage of total federal taxes than the single person with little property, inheritance or investment income who earns wages between $50,000 and $125,000. Why can't people who earn modest wages deduct "business" expenses in the same way that people who incorporate themselves can? Why are capital gains often taxed less than earned income? And why is inherited and gifted income ALWAYS taxed FAR less than earned income?

The US pays for the defense of the entire Western world on the backs of our overworked, underpaid and rapidly shrinking middle class. And who benefits most from the aggressive and ridiclously expensive manner by which we "preserve our interests" around the world? Yes, everything about our tax code favors the upper class elite over the middle class and even the upper middle class.

And even with our enormous and enormously wasteful spending on defense, police, prisons, "homeland security" and corporate welfare and bailouts, there's no other first world country in the world in which the superwealthy get anywhere near the cushy tax deal that they get right here in the good old USA. How did we let the rich write all of our tax laws to benefit them while robbing us?