The biggest problem with taxes is the inequality among different tax rates. The poor pay a much higher percentage of their income in taxes than the rich, some of whom pay no taxes at all. The United States already has a fairly low tax rate compared to European nations and taxes here are much lower than they were in previous decades. Taxes need to be lower for those earning less, not those earning more.
Taxes in our time are to high people think that it would be better to increase it but think of everything that could happen if it was increased it would be better for the poor but the rich already have enough money and i think that it would be better to decrease so that the debit problem wouldn't have to deal with another problem while trying to fix 1 that is already troubling them it wouldn't be fair
On Dec. 6, 2011, President Barack Obama gave a speech at Osawatomie High School in Osawatomie, Kan., the site of an address by Theodore Roosevelt just over a century earlier. In it, Obama sought to warn Americans about the perils of economic inequality.
Here’s what he said:
"Today, the wealthiest Americans are paying the lowest taxes in over half a century. This isn’t like in the early ‘50s, when the top tax rate was over 90 percent. This isn’t even like the early ‘80s, when the top tax rate was about 70 percent. Under President Clinton, the top rate was only about 39 percent," he said. "Today, thanks to loopholes and shelters, a quarter of all millionaires now pay lower tax rates than millions of you, millions of middle-class families. Some billionaires have a tax rate as low as 1 percent. One percent."
Taxes need to be raised for the rich however, reduced for the poor
Taxes should not be reduced because, presently, the United States is in debt. It would not make sense to make the US economy even more unstable by lowering taxes. Perhaps, in the future, when the United States is more financially stable, taxes could be reduced. As it stands, though, the current taxes are necessary. Tax rates could be changed presently, but only to make them more equal. Or, in other words, taxes on the rich could be raised to match the percent taxes that are on the middle and lower classes.