Taxes That Are Fair.

       Here's a way to end the discussion on taxes that's sure to please 90% of the people in America. I saw the tax plan in a publication today, called The Daily Kos. The idea is that people should pay taxes based on the amount of wealth they have. So if the top 10% of the people own 73% of the wealth, they should pay 73% of the taxes. And since the bottom 40% of the people own about .2% of the wealth they should pay about .2% of the taxes.
       By the way, the figures used are from 2007, so I'm sure the percentages of wealth are skewed even more in favor of the wealthy by now. But it comers down something like this. If you make less than $20,000 a year your taxes would be about $400 per year or less. But if you make $1,000,000 or more your taxes would be about $730,000. That would leave you $270,000 a year to live on.
       Now let's see a show of hands, who  can live on an annual income of $19,600 per year? Hmm, not too many could do that. Okay, how about an annual income of $270,000?  Well, it looks like most people could do that.
       Of course the wealthy would surely complain bitterly. They'd prefer a flat tax. That way if the tax was 10%, that $1,000,000 income would pay $100,000 in taxes and leave them with $900,000 to live on. Now that's a life style anyone could enjoy. But let's look at that $20,000 income. After taking 10% away it would leave only $18,000 to live on. Who could live on that?
       My question is; which tax system is more fair to more people? Oh that's a silly question. The top 10% of the population will tell you that the 10% plan is fairest. And it is. To them. But for 90% of the people it's very unfair.