23% sales tax; no fed. income tax

[Rupert Pupkin]

Originally Posted by somerfrost

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Again, I disagree there...I'd tax the rich as I said previously...90-95% of income over some set amount...nobody needs all the money in the world!

Let's just pretend you came up with some great idea or great invention and you decided to sell it for $100 million. Do you think it would be fair for the government to take 90-95% of that money? If you lived in an expensive area, you could hardly even retire. If they took 95%, that would leave you with $5 million. If you are really conservative and wanted to just keep the money in the bank, you would only get around $250,000 a year. After taxes, you would only be left with around $130,000 a year. If you bought a $2 million house, your mortgage payment alone would be $120,000 a year.