I ask because I'm profoundly incensed with another question I answered, whose hypothesis seemed to be that wealthier people should just keep paying higher percentages in taxes. I want to know why!
%26gt;Fair , adjective, marked by impartiality and honesty : free from self-interest, prejudice, or favoritism. (Merriam-Webster)
Wouldn't fairness dictate that everyone paid an equal percentage of their income in taxes?
Why should wealthier people pay a higher percentage of taxes than poor people: are we not as valuable as poor people? Do we have less right to keep the money we earn because we're better at making money?
Bias against people on the basis of financial standing is still bigotry.
Opinion: is the progressive income tax (ie, the more you earn the higher percentage you pay) fair to everyone?
Actually, I'm against the income tax-I support the Fair Tax, which is a sales tax on new goods and services. this way it gets all those people who cheat on their taxes-it's based on your consumption, not on your income. You don't file taxes.
You're right though, it's gotten where people are being punished for being successful and smart.
Reply:Of course it's not fair, it's a tax. But there are ways to wiggle out of paying taxes like shelters and gifts and trusts. You just have to have an accountant. Or a tax professional.
Reply:everyone should pay there fair share.
rich people have alot of loop holes in the tax code!!
Reply:Yes, I believe in it. If the ones that make millions a year were to pay around 500k just once, the national debt would be gone. They might rebuke this, but the only thing that implies to those multimillionaires is that they'll have to hold out on buying that yacht another month.
Reply:Oh so you are one of those Rich get richer peeps huh? Even paying more for the wealthier doesn't really hurt them. The saying the rich get richer and the poor get poorer is so true. With the exception if someone is wealthy to live so comfortable and they mess up by not managing their $ well than that is just too bad.
Reply:I would like to see less taxes taken from my checks. I also think that people assume that if one is wealthy they scam on their taxes. From personal knowledge, this is not always true. A percentage tax could be a good idea, but it would really need a long time to implement.
Bias against people on the basis of financial standing --- as you have stated ---- is bigotry! Amen!
Reply:My first job was very low paying. When tax time came around, I was ecstatic to get a refund of the $600 I had paid in income tax. The year after that, I got a raise and worked even more. In fact, I usually worked about 80 hours a week. I was excited again at tax time because I thought I'd get a LOT more back- after all, I had PAID a lot more....I only got back about $100!!! I was upset when I saw people who worked part-time and called in sick all the time getting "back" thousands that they never paid, so although I'm far from wealthy, I can understand the resentment some wealthy people feel.
And no, it's not fair, but I don't see things changing. I guess we'd have a lot less to work with if we didn't "rape" the "wealthy". I guess the "working wealthy" just pass the cost on anyway. I'm sure I pay my doctor a bit more money because he knows he has to pay more in taxes, for example.
And...The problem with taxing money as it's spent is that the poor must spend all their money to survive, so they'll be taxed on every dime. The wealthy spend some of their money, but most of it goes in the bank and sits there- sometimes for generations. They don't have to spend it, ever, so that form of taxation wouldn't necessarily be fair, either.
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