Loading ...I think the financial burdens (taxes) or overhead costs of the US economy, should fall mostly (highest taxes) on the most lucrative and profitable PRIVATE sector organizations. Gov’t employees, and gov’t vendors should be tax exempt. Because their gross revenue and benefits, comes from the tax PAYERS. So they should not get credit or status, as a tax payer.
Unfortunately, there are poor people paying taxes and wealthy businesses getting deductions. Imagine if the law said “all tax payers must all feel the same pain?”
The taxes on a $50,000 person would hurt. Now, what % amount of taxes would it take to give equal pain to a $10 million dollar salary?
The $50,000 guy needs 90% of that money to live, and really can’t afford to pay taxes.
To give equal pain to the $10 million dollar guy, would require a 90% income tax. The left over 10% $1 million, he could still live good.