The ones being singled out are poor people and the middle class. The rich get preferential rates, deductions that only apply to them, the ability to have armies of accountants and lawyers to limit their liability, and are far less likely to be audited.
It SHOULD be that all income within different brackets should be taxed the same. The rich only pay more because they have more. We all should be taxed 50% on income over $500,000, it’s just that most of us don’t have any income over that.
The ones being singled out are poor people and the middle class. The rich get preferential rates, deductions that only apply to them, the ability to have armies of accountants and lawyers to limit their liability, and are far less likely to be audited.
It SHOULD be that all income within different brackets should be taxed the same. The rich only pay more because they have more. We all should be taxed 50% on income over $500,000, it’s just that most of us don’t have any income over that.