- Oct 17, 2009
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That's not really defined anywhere, I think there's flexibility and that the wider the scope of people, the harder it is to come with a meaningful poverty line. What that extends to is that it is harder to define "rich." What is very well off in terms of dollars in many parts of the country would not be well off in New York City. And not all of the rich are equally rich. Upper middle class to me is "rich," but upper middle class in New York City is likely a lot less than hundreds of millions, let alone billions of dollars a year. If you're making $500 million, you can afford more than someone making $1 million, it's common sense. As to how much to tax certain people or incomes specifically, I don't have an answer to that.
Well, the only reason I asked about the 2 different incomes and their corresponding taxation amounts as to what's fair is because even though one is charged only $200 while the other is paying $10,000 is because they are the exact same percentage of 10%. To me, that's fair because they're both being taxed equally. But most people think that the person with more income should be charged two, three or even four times the percentage. Right now, that's already happening, and people still think that's not fair--to the person who actually pays a lower percentage!
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