13x more and he gets taxed more as well due to being in an entirely different tax bracket. I don't know what you're bitching about. Tell your boy Biden to pony up some money.
The more you make, the more of a percentage you can afford to pay. A billionaire paying 50% of his income doesn't impact his ability to live nearly as much as a person making $50,000 paying 50% of theirs does.
I don't know why such a simple concept goes over your head so easily.
By the way, it's income that is taxed differently. That's how marginal tax rates work. It's a common misperception that if you are in the 35% tax bracket, you pay that rate on all your income. You don't
The top marginal tax rate is 35% on wages. For example, let's take someone who is well within the top 1% of taxpayers, a single person who after deductions has $400,000 dollars in adjusted gross income, the 35% rate only applies to a small part of their income.
Here's the marginal tax rates work.
10% on taxable income from $0 to $8,700, plus
15% on taxable income over $8,700 to $35,350, plus
25% on taxable income over $35,350 to $85,650, plus
28% on taxable income over $85,650 to $178,650, plus
33% on taxable income over $178,650 to $388,350, plus
35% on taxable income over $388,350.
This person would pay 116,762 in Federal income taxes an effective tax rate of 29%.
35% of 400,000 is $140,000.
He is in good shape, but a resting heart rate of 40 means a 20 year old in good shape. No way Jose.
OK. We agree.
When tennis champ Arthur Ashe had a heart attack at age 36, at first they couldn't tell what was going on, because his resting heart rate was 54, so his elevated heart rate was that of a normal person.
Still, I hope as in half a good shape at 65 at Mitt Romney.