This one is even better! This is a great explanation of how and why our income tax system in America was created. First of all, working people were never expected to pay taxes. Basically, the top 1% of Americans were expected to pay taxes of up to 90%. The idea was that if one had an income that was higher than 30 to 40% of a regular wage earner, it was money that was simply more than you could possibly need and it probably was amassed because of your use of the accumulated achievements of your fellow citizens as well as the infrastructure developed by our government and fellow citizens. As someone pointed out, if you put Bill Gates on a secluded island, nothing would have happened.
This one is even better! This is a great explanation of how and why our income tax system in America was created. First of all, working people were never expected to pay taxes. Basically, the top 1% of Americans were expected to pay taxes of up to 90%. The idea was that if one had an income that was higher than 30 to 40% of a regular wage earner, it was money that was simply more than you could possibly need and it probably was amassed because of your use of the accumulated achievements of your fellow citizens as well as the infrastructure developed by our government and fellow citizens. As someone pointed out, if you put Bill Gates on a secluded island, nothing would have happened.
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