If you are fortunate enough to be in a position where you're earning enough to pay 40% tax then great for you!
Paying tax is good for society, what's not great is companies avoiding it. The latter doesn't negate the former.
Paying tax is good for society, what's not great is companies avoiding it. The latter doesn't negate the former.
I cringe every time I hear this from people.
Rich people pay WAY more than what they get back from the gov.
Only if you ignore the role of the government in defining and enforcing (violently, where necessary) property rights, which is what allows “rich people” —particularly rich through various forms of intangible, indirect, and directly-physical-but-beyond-immediate-personal-supervision property — to, as such, even exist.
Where as someone who worked 40 hours a week for the whole year and made $200K gets taxed... exact same 20% effective (federal), and another ~15% (employer+employee) in FICA.
Part of the value of paying taxes is to ensure that the people who's labor you're extracting value from don't rebel and rise up against you.
Should we tax the automobile for displacing the horse stableman.