Re: If top 5% paid 40% of taxes, what is their 'fair' share?

That's part of the problem. Taxing only income is regressive. Wealth should be taxed. There could be a few exceptions Like family farms. L

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SpaceRace65@aol.com wrote:

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>In a message dated 11/27/2012 2:38:02 A.M. Central Standard Time,
>Pred544@aol.com writes:
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>In a message dated 11/26/2012 3:23:11 P.M. Central Standard Time,
>thevirtualtruth@gmail.com writes:
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>If you have 40% of the wealth you will pay 40% of the taxes, how hard
>is this to comprehend?
>The USA taxes income, not wealth. How hard is that to comprehend? The top
>5% income earners pay 40% of the income tax on only 26% of total earnings.
>It is time for the slacker class to pay their fair share.
>
>ROFL! VT has totally lost it. Wealth taxes? LOL.
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