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- #41
the wealthiest are taxed at a higher rate above a million a year....How would a bloated government survive without taxing the middle class? What would happen to social programs and the war department?FYI-the standard deduction when income taxes were first introduced in this nation was the equivalent of $65,000 in today's dollar....the poor and middle income earners NEVER HAD TO PAY income tax...the first 65k was the standard deduction...only the wealthiest had to pay.....ON what they earned above the 65k.
and taxing everyone could very well be the problem...Congress critters saw dollar signs by going to everyone being taxed...and waste and abuse began....also growing our defense spending went through the roof....
if only the wealthiest were taxed, then congress critters would get holy hell from the wealthiest on spending as example $700 billion/ that's seven hundred thousand million dollars on the defense dept each year and we ALL KNOW the wealthy have congress's ear...