Gingrich backer willing to give $100M to benefit former House speaker

[liberalmike27]

13. First, I think you mean Federal Income Taxes

Second, usually people that get paid that much, make it gambling in the market, through stocks and hedge funds, and they only have to pay 15 percent, no payroll taxes, and such.

Third, while to me and the poster above, sales, gas, tolls, fees, interest on various things, utility taxes, property taxes, alcohol and cigarette taxes, along with the hefty 15 percent payroll taxes (and let's face it, that's pretty much FIT anyway, as it's tossed into and spent from the same pile), represent an incredibly significant portion of income, it's a relatively small percent of income to the rich. Plus they only pay the 15 percent on amounts up to 108,000/year anyway.

So I think those guys need to pay MORE taxes, and I'm not crying for them one bit. We need a maximum wage, all earnings in any way including capital gains should be subject to the same tax rates and payroll taxes with no cap, as anyone else too. And on amounts over ten million, we should just tax the rich at least 75%.

Anything we can do to fix maldistributed incomes and wealth, we should do. It's broken, and we should fix it!