"Fair Share"

[Rupert Pupkin]

Originally Posted by Clip-Clop

I asked how much is enough, the answer will never come because there is never going to be enough.
30% might be reasonable as a total but just federal? That person will likely be well over 50% after all other taxes are figured, especially if you remove any write-offs/'loophoples'.

If you live in a state where they have state income tax, you would probably end up paying around 40%. I think most state income taxes are about 9% for the highest bracket. So you would pay 30% in federal, then 9% to the state.

I wasn't saying that they should eliminate all write-offs. A person should be entitled to write off legitimate expenses.