Taxes, even if proportioned to share of wealth, are way too high on the best and brightest. What to you think?
-
I keep seeing articles and posts related to taxes, and how the rich somehow get unfair tax write-offs and deductions. They claim the rich are the cause of our governments deficits and debt. They claim government cut-backs are due to tax cuts passed during the Bush era. Well, they never backed it up with real numbers, so I spent the day looking and found a Department of Labor chart showing real taxes collected, who they were collected from, and what their share of the wealth pie really is. Below is a 2006 chart of the the American workforce in percentile groups, followed by each groups percentage of all adjusted gross income(AGI) earned in the United States, the adjusted gross income threshold of that group, and their percentage of all the income taxes collected by the government.(the federal tax structure has not changed much since 2003) Percentile----------% of income----------Threshold-------% of income tax Top 1%................... 21.8%...........(above $388,806)..…......39.9% 95-99%................... 15.4%.........($153,542 - $388,806)...…20.3% 90-95%................... 10.8%.........($108,904 - $153,542)......10.6% 75-90%................... 20.6%.........($64,702 - 108,904)..........15.5% 50-75%................... 18.8%.........($31,987 - $64,702)......… 10.7% Bottom 50%............ 12.6%...........(below $31,987)..….........3.0% Now you would think with the progressive income tax scheme we currently use, people would pay the same percentage of the income tax burden, as their percentage of all American income earned. If you make all the income, you pay all the income taxes. If you make half the income, you pay half of the income tax burden. That's fair in a liberal mind, right? All people, rich..poor...everyone who earns a certain percentage of the nations income, should pay that same percentage of the total income tax collected by the government. The poorest, as a group, make 12.6% of all of the income in this country, and to be "fair", they should pay 12.6% of all of the income taxes. (But they don't, they only pay 3%) The richest, as a group, make 21.8% of all of the income, and to be "fair", they should pay 21.8% of all of the income taxes. (They don't, they pay 39.9%) So, let's be radically progressive!!, and move the "unpaid portion" of the poorest 50% of peoples taxes, and send it up to the richest 1%. It's kind of socialist, but lets call it compassionate conservatism. That tax-shift would move the richest 1% from a 21.8% income tax burden, up to 31.4%. Now!!, lets tax-shift the "unpaid portion" of the 2nd poorest group. That would bring the rich tax to 39.5%...........Still less than they are currently paying! O.K., forget about the richest 1% of Americans. I think I've showed how they are already providing tax relief for more than three quarters of the country. Lets look at the 2nd richest group. They pay 4.9% more of the income taxes of this country, than their percentage of the income earned in this country. Why? Because the 75-90% group falls 5.1% short of their "fair" share. So if you tax-shift the "unpaid portion" of the 4th richest group to the 2nd richest, you get 20.5%......well that's a little more than they currently pay, but close enough for radical progressives. The 3rd richest group almost hold their own and should be left alone. They fall a little short, but as we saw above, the 2nd richest took care of that. The numbers above indicate that, even with the most extreme form of radical, progressive, tax shifting, they believe is fairness, where the richest 1% pay the unpaid taxes of three quarters of the country, and the next richest 4% pay the unpaid taxes of people making between $64,000 and $108,000, there is actually need for a tax cut for the richest 5% of income earners. This, even after moving all of the "unpaid tax burdens" up from the bottom. I know what your thinking. The wealthy don't properly report their income, or, the wealthy pay a lower percentage of their income toward other taxes. Well, that may be true, but that's an issue concerning the governments tax enforcement and the design fairness of those other taxes imposed. I'm all for rounding up tax cheats and scraping all those other taxes, so long as your for making taxes owed directly related to wealth earned, without the tax-shifting! I think I have properly explained that our federal income tax system is not fair, it is not just progressive, it is radically progressive. Liberals will not be happy until the two lowest groups, 75% of our workforce, pay none of their "fair share". If they achieve this on the backs of the 6 million most successful Americans, our economy will be doomed and our government will be bankrupt. They will have created a society where 90 million people, of our 120 million man workforce, will be deadbeats in the eyes of fair peo
-
Answer:
I simply attack your premise and most of your conclusions! There are many facts you have not considered. For one fact, the "richest" do not earn their money by their labor! (not even their "smarts") Nearly ALL the richest have inherited their riches. You have missed many concepts in your process. Your subjective use of "fair" is nearly laughable! One item you seem to have overlooked is the "basic" costs of living from day-to-day; the percentage of ones earned paycheck that is immediately "gone" for food, clothing, housing, insurances, and so forth. Where have you considered the "environment" that allows the richest to earn wildly? Was it not so "constructed" (and now maintained) by the Government that collects the taxes? You over-simplify to justify your conclusions! Hit the books a bit more and do some "real" math, using ALL the factors. Consider where you are in this scheme-of-things.
The Anti-Socialist at Yahoo! Answers Visit the source
Related Q & A:
- What do you think is the best American beer?Best solution by answers.yahoo.com
- What do you think of continental academy online high school?Best solution by Yahoo! Answers
- What do you think is the best mp3 player?Best solution by Yahoo! Answers
- What Do You Think Of The New M.I.High?Best solution by tv.com
- What do you think the best teen mag is?Best solution by teenvogue.com
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.