What is your answer to this tax question?
What rate is justified for government to take?
For earners over 250K of net income we pay an effective Income Tax rate of around 20% to Federal.
If you take the payroll tax of about 8% and then all the local and state taxes I am around 40% paid to the government.
Part 1
You must answer with a rate.
20%, 40%, 60%, 80%?
When you answer that question continue to part 2.
Part 2
At what percentage does the American population not accept it?
At what percentage does the American Millionaire population just leave?
I just heard a U.S. Senator say that we need to raise taxes.
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