Why is it that when reporting the taxes of high earners (or even low earners for that matter), the point is always purported to be the percentage of the person's income?
This is nonsense.
When you pay taxes you pay dollars.
It is said - quite stupidly - that Warren Buffet "pays less in taxes than his secretary."
Total bullshit. S/he pays a couple thousand and he pays tens of millions. Literally, thousands of times more than the secretary pays. And yet, because his secretary (presumably) pays a higher percentage of his or her income, s/he pays "more"? What sort of nonsensical thinking is this?
We now have (quite dubious) evidence that in at least one year, Donald J. Trump paid more in Federal Income taxes than, for example, his predecessor has paid in his entire life. Many thousands of time more than the average American household.
And yet, because it is only some percentage of Trump's taxable income, it is said to be "not enough"?
Here's a question for people who think Trump didn't pay "enough" for the year in question:
What if some Congressperson proposed a law that established a MAXIMUM PERSONAL FEDERAL INCOME TAX AMOUNT, universally applicable? Doesn't matter what the number is. Make it a million dollars.
What rational argument could be made against such a law? There is none.
At some point, any taxpayer should be permitted to say, "OK, I've covered my portion of the federal budget, it's up to everyone else to pick up the rest." If not, why not?
This is nonsense.
When you pay taxes you pay dollars.
It is said - quite stupidly - that Warren Buffet "pays less in taxes than his secretary."
Total bullshit. S/he pays a couple thousand and he pays tens of millions. Literally, thousands of times more than the secretary pays. And yet, because his secretary (presumably) pays a higher percentage of his or her income, s/he pays "more"? What sort of nonsensical thinking is this?
We now have (quite dubious) evidence that in at least one year, Donald J. Trump paid more in Federal Income taxes than, for example, his predecessor has paid in his entire life. Many thousands of time more than the average American household.
And yet, because it is only some percentage of Trump's taxable income, it is said to be "not enough"?
Here's a question for people who think Trump didn't pay "enough" for the year in question:
What if some Congressperson proposed a law that established a MAXIMUM PERSONAL FEDERAL INCOME TAX AMOUNT, universally applicable? Doesn't matter what the number is. Make it a million dollars.
What rational argument could be made against such a law? There is none.
At some point, any taxpayer should be permitted to say, "OK, I've covered my portion of the federal budget, it's up to everyone else to pick up the rest." If not, why not?