From where do you think subsidies come from? They don't appear from thin air do they?
They are there as some one is paying taxes.
People are worried about a middle class segment of crowd being taxed to teeth and every body else really leeching on their contributions. Look at it, corporations play every trick valid by the rule book to avoid paying taxes. Rich have their money parked in tax havens. Poor need social security.
The middle class is heavily burdened by taxes.
On top of this government wants to be in endless wars. Most of which makes zero sense. The rich at wall street- most of who are practically adding zero value. They earn the most, and demand the most financial security in case of economic collapses. They take zero responsibilities for their actions. If all this had happened with some ordinary citizens they would go to jail. When you look at all this, it looks like a cartel.
No wonder people are pissed.
Note: I am Indian, staying in Bangalore. I am not a US citizen.
If you run the numbers, this isn't really the case. The middle class is taxed lightly, relative to the benefits they receive. Anyone who's done their income taxes has seen how many tax benefits start dropping off past $60K or so. The top 10% or so pay the majority of income/Medicare/Medicaid taxes, and the way the Social Security benefits formula works, they're also heavily subsidizing the middle class through that program.
That makes some sense, of course: There are way more middle class voters than any other class!
That is partly also because people who earn more, do work in a non linear relation with the money they get.
The tax slabs you talk about apply only to probably 10% of most rich citizens in a country.
If you take all this into consideration. The rich still with their higher tax slabs don't contribute as much taxes as the middle class. As you mentioned that's because the middle class are larger in number.
Also note that I'm not just talking of the US. Throughout the world, the rich really find ways of getting away with taxes.
They are there as some one is paying taxes.
People are worried about a middle class segment of crowd being taxed to teeth and every body else really leeching on their contributions. Look at it, corporations play every trick valid by the rule book to avoid paying taxes. Rich have their money parked in tax havens. Poor need social security.
The middle class is heavily burdened by taxes.
On top of this government wants to be in endless wars. Most of which makes zero sense. The rich at wall street- most of who are practically adding zero value. They earn the most, and demand the most financial security in case of economic collapses. They take zero responsibilities for their actions. If all this had happened with some ordinary citizens they would go to jail. When you look at all this, it looks like a cartel.
No wonder people are pissed.
Note: I am Indian, staying in Bangalore. I am not a US citizen.