[Atrocities]

I think there are a few other nations that do this.. Not sure how good it is.

As to the US, I would just like to see those who have a ton of money pay their equal share. If I pay 14% on my income, then so should they. Why should they only have to pay 5% or less because they make more money? If I can't keep 14% of the money I earn, then neither should they!

Right now the tax code rewards the rich and severly punishes the lower income folks. Factor in the new tax increases in gas, comodities, property, and sales taxes, you begin to see just how over taxed the lower income really is.

When we pay out 14% of our base wage in tax, and 30% of our OT wages go to taxes we have less to spend on other taxes like gas, sales, and property.

For example out of every $100.00 I earn, I would lose $14.00 in tax leaving me with just $86.00 to spend. Other taxes eat a majority portion of that up. (8.8% sales tax plus Gas Tax Plus other taxes.)

Now if that $100.00 was OT. Then you would only get $70.00 of it.

For every $100.00 a person over lets say $150.000 dollars a year makes, they would pay about 4 to 5% less in tax. So for every $100.00 they earn at base wage, they would get to keep $95.00 to $96.00 dollars.

Compare:
Your $100.00 - after taxes $86.00
Their $100.00 - after taxes $95.00.

They just earned $9.00. Now if they are earning $9.00 out of every $100.00 they earn OVER YOU, well then you can see the disadvantage of the whole system.

For every $1,000.00 in tax the rich save $90.00 whereas the lower income folks don't.

Now this is all just a generalization, and is not meant to be taken as concrete fact. The tax percentages and income levels can vary and most likely do. The above comments are meant to outline a basic understanding of the dispute between rich and poor tax payers. The are not to be taken as actual fact. For accurate tax percentage scales and or level of taxation please contact the IRS.