http://www.newsweek.com/id/207412
So 1.4% of taxpayers foot over 40% of the tax bill - that makes me wonder how much is enough? When do we reach the point that folks will either stop working/investing or 'lie cheat and steal' to avoid taxes? The 50% level of taxation has been reported to be a threshold this week. That is, when folks are getting to that level of taxation aparently that's when they throw in the towel.
The part that is apparent is that even by taxing the rich as much as we are, there's never enough. There's an unlimited demand for politicians to spend other people's money, and the restraints in the US Constitution which were intended to prevent such have failed. What right to 'life liberty and the pursuit of happiness' can one claim when a politician can take what you traded your life energy to earn, and spend it to get his/herself re-elected?
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