These forms of taxation fall mostly on the bottom three quin tiles, while taxes on property have been constantly minimized, and in some states don't exist. The top quin tile paid an equitable share of taxes, this nation could claim to be that beacon on a hill. Feed the children.
A lot of this mess we are in was caused by trickle down economics. Let's try something new. Sure it will not solve the whole deficit problems but it will help. It is ridiculous to say that we should not raise taxes on the rich because it would not solve the problem. When households try to balance their budget, they do not say that they will not cut out, for example, cable TV because it will not solve the whole problem.
I believe in paying a percentage of your earnings to tax. This would mean that the rich pay more money since they make more money. I don't think we should go and give them an extra tax or a tax percentage not in line with the sliding scale to paay for the extra debt.
Here is how it should work. The more money you make (including bonuses, perks etc.) should be totalled per year. The next year, you pay taxes say 30% of it to the government. Doing your taxes should not be rocket science. IE Someone making 30000 a year should pay 9000 in taxes. There is still incentive to move up because it is percentage based. So yes someone who makes 100000 will pay 30000 in taxes but that is still 70000 to spend how they want. I don't see how this could be any clearer?? Why is this not done for any reason other than greed by the 1%.
If the rich already paid their fair share then they would not be required to pay more. But with tax loop holes and such and the Bush tax cuts, wealthy individuals and corporations have been paying too little compared to the average person so that needs to be remedied soon.
The way the tax system is set up currently the rich have so many loopholes they get out of paying taxes all together. Big corporations actually receive billions of dollars instead of paying. Rich people and big corporations need to stop getting government handouts to get even richer. They should have to contribute more so they help the economy and the working class poor.
The rich should pay more taxes in order to bring down the
massive debt incurred by the United States government. Right now, the system is full of immoral
loopholes. There are too many loopholes
in the current tax laws that allow corporations and wealthy people to get away
with paying less than their share of taxes.
The rich should not pay more taxes in order to bring down the massive debt incurred by the United States government. I am all for reducing the debt caused by the United States however we cannot blame the wealthy and make them pay more just because they have more money then the rest of us.