
Originally Posted by
tony
Okay, you should like my side of this argument then.
You make $20k a year that would be.. $1600 a month for you? Just an example, you don't have to confirm.
I'm at about $5400 a month.
Okay, real wages. If we have the same tax rate at 10% I'm paying $540 while you are paying $160. Seems unfair to me right? But with real wages we're paying the same amount for necessities, food, shelter, etc.. and that is where the discrepancy starts.
When you go to the grocery store, a $200 grocery bill affects you a LOT more than it effects me. $200 is 12% of your salary while it is 3.8% of mine. These are things that are necessary to your life that we all pay the same amount for.
Mike, you pay proportionately more than I do for a gallon of Milk, even though the price tag doesn't change. That is why I do not mind paying the higher tax rate to offset this discrepancy. When everything is figured up my higher taxes alleviates the financial burden that you already have at a lower income, but we are both still driving this economy.
If you raise taxes on the lower income you create an even greater imbalance in the Economy which drives a wedge between those who have, and those who do not. And trust me Mike, this economy not only thrives off of the rich but also those every day low income earners.