For the year 2011-12

Qn 1:

One earning $ 37,000 * 700 ($25,900,000, about 26 million) a year

is richer by 700 years of  hard work of a person with $37K a year.

Usually they decide terminating 700 (or more) jobs. Making poor poorer.

1. Is there any manual worker earning $ 1million a year?

2. Is the "hard" work of Tony in a year is equal to 700 years Joe's work?

3. Will Tony lose incentive to work if  his tax is kept in line with Joe's?

4. Why the tax rate STOPS after 4 times of the effective rate?

5. Why no more slabs  and no further upper limits?

6. Why no legislation on maximum managerial pay like minimum wages?

7. Is replacement not possible for Tony?

8. Is there no qualified, skilled worker available to replace Tony?

Qn2:

One earning $ 37,000 a year is taxed 12.57% on the total income.

One earning 80 times of $37K is taxed only 44.11% of the income.

The tax system gives incentive to earn in millions to reduce the tax rate.

Are millions paid (Tony) unable to afford at the rate at which Joe is taxed?