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I would like to address what I consider a serious methodological flaw on your part, Mr. Keating, and a very misleading statement coming from an associate editor at this magazine.

While it is true that Canada's top federal marginal tax rate, at 29%, is lower than the United States, Canadian citizens pay much higher rates at the provincial level than their Americans counterparts pay at the state level.The top rate therefore paid by Canadians is much higher than what you're suggesting. Indeed, the combined (provincial + federal) top marginal tax rate for someone earning more than $128 800 in most provinces lies between 45% and 50%.

The top marginal tax rate at the state level, depending on each state obviously, generally lies between 5% and 10%, with the average level being much closer to 5%. Most rich Americans would therefore be paying approximately 40%, which is lower than the Canadian level.

Therefore, while Canada's top marginal tax rate may be indeed lower than the USA's, it does not mean that rich Canadians pay less taxes than rich Americans as you seem to be suggesting. I urge you to correct what appears to me as a misleading statement.

Thank you,
J.

Not sure how that idea gets to grow.

What taxes are designed for is to keep society together not to "punish". No one makes a living with $ without depending on countless other people to either work for less than the profit maker is getting, or to supply all the incredibly labarythian tasks that are essential for the profit-maker's activities. I'm talking about who built the roads, airports, shipping, machines etc that stretch endlessly back to the beginning of civilization. Then there are the lawmakers, insurers, civic workers, their wives children, families that fed and supported them while they went about their work.

As an example, think how many people it takes just to give someone a kindle 3g wifi -- it can hold about 3500 books. What poor person could hope to read that number of books in a life time? Yet its cost is within the reach of an ordinary citizen because so many others have made it possible to make, sell and deliver. No one could afford to make their own and no one would think to do it for themselves anyway. No rich person earns their money on their own.

So who should pay for all the benefits of our society structure? We all do. There are tax components of everything priced in our society. Even the poor who are not "taxed" pay taxes when they buy anything. THose who have been blessed by their circumstances to accumulate wealth way beyond others upon whom they rely -- it seems to me that a fair tax will not only be just that "fair" but it will not ruin them or punish them.

Who else should pay? The wealthy have so much more say and influence in society and together they make the rules and law. We should be careful to avoid the broadcast opinions of those whose self interest is to give little to, and make much from, the society they rely on and profit from.

Oh yes, campaign Obama is back! He is once again fighting for the average American and calling for higher taxes on millionaires. Are you falling for his campaign propaganda again?

In a sane world, you would think that millionaires would already be paying at the same tax rate as middle class citizens. However, in banana republic USA, billionaires like Warren Buffett are only paying a 17% tax rate. And why are they paying a lower rate than middle class workers? Oh yeah, that’s right, because Obama recently signed a bill that gave these billionaires a tax cut.

Here’s the deal: if Obama cared about the average American, They can also make use of Affiliate Programs to get benefits for their social awareness programs, he would have already broken up the big banks, clawed back banker bonuses and sent Wall Street executives to jail, along with his Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke.

It's a bit ridiculous that there are different tax brackets. While it does make sense, it certainly doesn't in the eyes of equal treatment.

Tax is someone's contribution to their country, helping develop, run and maintain it. Why should someone have to contribute more just because they make more. They make more likely to the fact that they work harder, smarter, longer and wiser, and spend their money on assets rather than complete crap.

But when someone is being taxed LESS than someone making less, that's wrong. In all, everyone in a particular area should pay the same tax, and the government / council should learn to budget their tax dollars better.

It is worth noting that a flat tax can, in fact, be highly progressive. If the marginal tax rate and the tax threshold are both relatively high then the average rate of tax paid will increase quite steadily with increasing income. This also avoids the disincentive effects of varying marginal rates. Analysis of tax revenue relative to marginal rates suggests that the optimum would be for a threshold close to median income and a marginal rate of just over 40%.

Taking more than one-third of a person's income looks like a bit harsh to me. But rich men paying 17% (lower than the middle class) is also not a good scenario. They should be paying more. Everyone cannot be made to pay the same rate of tax. It needs to be taken into account that they have to manage their requirements in a small income. Child tax credit, for instance, is a good feature in the US and UK tax system. If people have limited resources, it needs to be taken into account.

Tax Year 2008
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid

Top 1%
$380,354
38.02

Top 5%
$159,619
58.72

Top 10%
$113,799
69.94

Top 25%
$67,280
86.34

Top 50%
$33,048
97.30

Bottom 50%
<$33,048
2.7

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Can someone tell me how this breaks down in other countries outside the US?

I alway liked Obama for his care for average americans.He cares much for average american .He is one who is fighting for the average American and calling for higher taxes on millionaires. I agree with him to choose income tax at high rate for millionare. you would think that millionaires would already be paying at the same tax rate as middle class citizens. However, in banana republic USA, billionaires like Warren Buffett are only paying a 17% tax rate. And why are they paying a lower rate than middle class workers? Oh yeah, that’s right, because Obama recently signed a bill that gave these billionaires a tax cut.

While it is true that Canada's top federal marginal tax rate, at 29%, is lower than the United States, Canadian citizens pay much higher rates at the provincial level than their Americans counterparts pay at the state level.The top rate therefore paid by Canadians is much higher than what you're suggesting. Indeed, the combined (provincial + federal) top marginal tax rate for someone earning more than $128 800 in most provinces lies between 45% and 50%. The top marginal tax seslichat rate at the state level, depending on each state obviously, generally lies between 5% and 10%, with the average level being much closer to 5%. Most rich Americans would therefore be paying approximately 40%, which is lower than the Canadian level.