Financial Shakeup this weekend

[emayer]

Wellardmac wrote:

Think about it. $80-90K is not rich.

It's an experienced teacher, it's a real estate agent, it's someone in IT, an engineer... it's most jobs that require a college degree.

Just because you're a dual income family doesn't make you rich - it makes you hard working and taxed.

If you think that this kind of income is rich, then you need to look at the job market some more, because a lot of people out there are earning those kinds of salaries fresh out of a college degree.

Absolutely right. The so called rich amount to the present day middle class, especially if living on the east or west coasts. As for other industrialized countries paying more in taxes- true, but they also have socialized medicine and a better infrastructure included. If we add our health care costs to our current tax bill I am not convinced the difference would be that great.

Just a few factual points:

Tax code- 67,000 pages long (not a typo)

Those in the top 20% income bracket pay a total of 83% of all federal taxes

Does this sound fair and American? I agree with the flat tax- let all of us contribute an equal proportion and incentivize people to do better rather than discouraging prosperity.