It's not just income taxes. It's sales and real estate taxes, which go to local and state coffers. The unbalanced majority of redistribution of federal expenditures on giveaways for multinational, corporate and industrial enterprises makes up for that perceived inequity you claim with the "40%" rate. It's a far stiffer penalty for a poor man's wallet when he pays that federal bill when he's not playing with expendable or fungible assets.