Comment Re: We're ready for more national firewalls (Score 1) 117
FICA is fixed rate and not subject to yearly budget fights the same way so I consider it out of scope for discussion.
Ehhh, you were judging the money left over after taxes. Not factoring in FICA is a mistake there. My FICA taxes are about $20k a year. That's uhhh, not nothing.
I support a top weighted but still broad based tax increase but I think it's quite moral in a liberal capitalist democracy for the wealthiest to pay the lion's share for society. Marginal utility of money is a real thing and wealth inequality is a societal rot issue.
So do I. I'm not complaining about my taxes at all.
However, it is a mistake to think that people in that income bracket pay an 18% effective tax rate on their actual income, unless there is a huge amount of long term capital gains income. No matter how you swing it- FICA counts.
Hell, one could argue it's among the most important contributions of the well-to-do.