If Government has the power to tax "wealth" of 50 million at X% then theoretically

Wow! You probably got ten times worth more than that back in food stamps. :grinning_face_with_smiling_eyes:

Don’t get food stamps.

You don’t pay your fair share of taxes either.

So how much is fair for 12,000 a year?

If you made $12,000 and are paying $200 in Federal Income tax, you need to redo your taxes. Your taxes should only be $135.