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<blockquote data-quote="vantexan" data-source="post: 1115105" data-attributes="member: 24302"><p>The rich can afford to pay more but fact is they are already paying the majority of income taxes. What's not said about that 90% rate was it was only on income above a certain amount and the rich avoided it with legal loopholes. What's also not said is we have a much larger population with a much greater % receiving both earned and unearned entitlements. There's just not enough income out there to pay for all the programs we have now. And if you took it all, or even most of it, you take away the incentive to continue to produce. Then where do you get the taxes to pay for the entitlements? It's simply untrue that the rich have "tiny tax rates".</p></blockquote><p></p>
[QUOTE="vantexan, post: 1115105, member: 24302"] The rich can afford to pay more but fact is they are already paying the majority of income taxes. What's not said about that 90% rate was it was only on income above a certain amount and the rich avoided it with legal loopholes. What's also not said is we have a much larger population with a much greater % receiving both earned and unearned entitlements. There's just not enough income out there to pay for all the programs we have now. And if you took it all, or even most of it, you take away the incentive to continue to produce. Then where do you get the taxes to pay for the entitlements? It's simply untrue that the rich have "tiny tax rates". [/QUOTE]
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