Politicians and Taxes

Since you can't trust anything you hear from any politician I decided to do the work myself. Here are the results. You can be the judge of what is "fair" and what is not.

Gross Income Tax Due
$16,250 -$4,710...that's right. A negative which means a refund from the
earned income tax credit. This assumes Social Security tax too.
$52,000 $4,399 Again, assumes the FICA (i.e. Social Security tax).
$99,000 $15,710 2 times the income, 3.5 times the taxes.
$300,000 $85,970 This is assuming a small business owner. Doesn't include the
amount of money she pays for her employee's FICA.
$1 Million $316,584 Again, small business owner, not including employee's FICA.
$1 Million $132,123 Only capital gain income. This is why Warren Buffett says he
pays less % than his secretary.

Is it fair if you make 3 times more than your neighbor, you pay 5.5 times more in taxes? Or if you make 10 times more, you pay 20 times more taxes? You can decide. But those are the real numbers.

I think what people are missing is the definition of "rich". If you just came out of school and you are a new family doctor making $150,000 and your spouse opened a small business making $100,000 you are "rich" according to one candidate. Even though you may have a small business loan for $100,000 and medical school loans for $100,000 and little to no net worth. These are the people trying to get rich. Should you penalize them? Warren Buffett takes little if any salary because he doesn't need it. So, what should the definition of "rich" be? Politicians have always used income. Do you think that is right?

I don't mind paying my "fair" share of taxes. I just want it to be fair.

So, if this redistribution of wealth works so well...hell, let's do it everywhere! Warren Buffett said himself the average American has a higher standard of living now than ever before and is living better than John D. Rockefeller. So let's have all those $52,000 income people give up $5,000 of that to give to people in third world countries since they're doing so much better. After all, according to http://www.globalrichlist.com/, they are in the top 1% income earners on the planet.