I agree with the MagiK MaN and Mr Arvon. I'm not rich and from what I know about rich people is that they work alot harder (Generalisation) and have alot more debt including (in New Zealand at least) extremely high student loans.
Why punish someone with absurdly high tax rates because they worked harder and made sacrifices along the way.
I'm not saying that they should get taxed less, just that people be a bit less jealous maybe. [img]smile.gif[/img]
On a slightly different topic, in the news yesterday there was an article referring to a single mother with one child. She was earning $40,000nz (about $20,000us) a year. She doesn't work, she is on welfare. I work full time, I earn half that (plus commission
) I pay $100 a week in taxes. It would take 8 full time workers like me to "look after" this one mother and her child.
This is an extreme case but it doesn't seem right to me.