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President Obama!
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<blockquote data-quote="brett636" data-source="post: 686748" data-attributes="member: 249"><p><strong>Re: Obamanation here today</strong></p><p></p><p></p><p> </p><p>The problem with your scenario is the bricklayer and the stockbroker do not pay the same in taxes, even if the tax rate remains the same. If they both pay a 15% income tax the stock broker pays more because 15% of 250k is more than 15% of 50k. Or in the case of a 23% fair tax the stock broker would still pay more because the stock broker can afford to buy more stuff. The idea that higher income earners should pay higher tax rates comes straight from the father of communism himself Karl Marx.</p></blockquote><p></p>
[QUOTE="brett636, post: 686748, member: 249"] [b]Re: Obamanation here today[/b] The problem with your scenario is the bricklayer and the stockbroker do not pay the same in taxes, even if the tax rate remains the same. If they both pay a 15% income tax the stock broker pays more because 15% of 250k is more than 15% of 50k. Or in the case of a 23% fair tax the stock broker would still pay more because the stock broker can afford to buy more stuff. The idea that higher income earners should pay higher tax rates comes straight from the father of communism himself Karl Marx. [/QUOTE]
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