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Originally Posted by Chief
(and I am willing to bet that he isn't going anywhere near 50 cents in the dollar, correct me if I am wrong though)
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If you consider self-employment tax and/or corporate double taxation then yes its damn near 50%.
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you have a responsibility to contribute more to the society that has allowed you that success.
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Yes, if I make 5x more than average, then the already-higher tax bracket percentage multiplied by the larger amount of income = 5x (or more) taxes paid than average.
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I know it still feels rough, but consider it charity, humanity, whatever,
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So now it is the government's job to determine how much and to whom my charitable contributions should go?
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truth be told if you are earning that much, in this day and age, in America, you are living better than 99.99% of people who walked this planet before you, so that is your reward for working hard.
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This is misguided thinking. Why is it okay to discriminate against people based on success, but not based on race or religion?