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Major · 04-13-2026, 01:17 PM

The top 10% of wage earners pay more tax now than any time in U.S. history, including when the highest tax rate was 90%. While individual tax rates were much higher in the mid-20th century, a smaller portion of the population fell into those high brackets, and many used deductions to lower their actual tax burdens. We are taxing our high wage earners at an unfair amount. Our federal government would collect far more taxes if it had a flat tax, e.g., 15%, across the board with no deductions. Nearly half of all Americans pay no federal income taxes. This would have the added benefit that everyone is paying their fair share and has skin in the game.

Back to the topic at hand, let's hope and pray that the NH legislature resists the urge of implementing either an income or sales tax. (Although selfishly speaking, I would prefer that they implement an income tax since I pay Mass state income tax anyway.) Expense reduction is the key.

04-13-2026, 01:17 PM	#62
Major Senior Member Join Date: May 2013 Location: Laconia Posts: 1,108 Thanks: 451 Thanked 1,038 Times in 435 Posts	Fact The top 10% of wage earners pay more tax now than any time in U.S. history, including when the highest tax rate was 90%. While individual tax rates were much higher in the mid-20th century, a smaller portion of the population fell into those high brackets, and many used deductions to lower their actual tax burdens. We are taxing our high wage earners at an unfair amount. Our federal government would collect far more taxes if it had a flat tax, e.g., 15%, across the board with no deductions. Nearly half of all Americans pay no federal income taxes. This would have the added benefit that everyone is paying their fair share and has skin in the game. Back to the topic at hand, let's hope and pray that the NH legislature resists the urge of implementing either an income or sales tax. (Although selfishly speaking, I would prefer that they implement an income tax since I pay Mass state income tax anyway.) Expense reduction is the key.