Combat Higher Taxes

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In both source one and source two, the author outlines the devastating effects of the burdens of heavy taxation, concentrating largely on the poor. Source 1, in particular, mentions the Nobility concentrating taxes on the poor, it says “The burden of taxes … at the expensive of their miserable neighbour” and one can assume the miserable neighbour in question is the destitute members of the third estate. Source 2 says, regarding the third estate in the countryside, “the would be immediately taxed, asked for road services or charges for labour and contributions of all kinds.” This demonstrates how the heavy taxation on the poorest members of society was noted by the third estate themselves as well as those who had merely witnessed the injustices

The Tax system of the United States is in absolute disorder. Politicians on both sides, of the political spectrum, agree that the tax system that we use today is complicated and expensive. In order to completely understand the immense tax problems that are in this country, the current tax problems must be first analyzed and explained, short terms solutions must be created and used as a temporary answer for these problems, and finally long term solutions must be the permanent fix for the myriad of the problems that are troubling this nation.

In the United States, there are two things that are certain: death and taxes. Everyone pays taxes. From big corporations and small businesses, down to the single, blue collar worker. These taxes are deducted from each individual’s income which are known as income taxes and are paid with the purchase of everyday commodities and services, also known as sales tax. There are three different governments which collect these taxes: local, state, and federal. Taxes are not the only thing people in this country worry about; there is also inflation of commodities and services.

A graphical representation showing the relationship between the government increasing taxes and the total revenue they will collect is referred to as the Laffer curve, this is a hypothetical representation. The curve is named after Arthur Laffer the economist, though he has pointed out that this concept is not his as it originates from writings by a Muslim philosopher of the 14th century Ibn Khaldun ADDIN EN.CITE Dalamagas199864(Dalamagas, 1998)646417Dalamagas, BasilTesting the Validity of the Laffer-Curve HypothesisAnnals of Economics and Statistics / Annales d'Économie et de StatistiqueAnnals of Economics and Statistics / Annales d'Économie et de Statistique77-102521998L'INSEE / GENES on behalf of ADRES0769489Xhttp://www.jstor.org/stable/20076152( HYPERLINK l "_ENREF_1" o "Dalamagas, 1998 #64" Dalamagas, 1998). There are other historical precedents that also exist. The Laffer curve suggests that the government can increase taxes up to a certain level if they want to increase their revenue and reduce the budget deficit, but past the optimal level then the negative would occur as people would want to work because most of the money they earn would be taken by the government in terms of paying taxes. The government should endeavor to remain at the optimal point of the Laffer curve so that it can maximize on its revenue and also encourage people to work harder.

There are many problems in the U.S. economy, mainly we don’t have enough jobs, and the jobs we do have are taxed too much to cover our nations debt. This is a challenging predicament that we are in but the popular solution to this problem is to lower taxes. With lower taxes, we can see positive economic growth, and with growth we can see a healthier economy. We have come from an era where the middle classes were factory workers, who could afford the American dream. Now we have moved into an era where we are taxed to cover the huge debt that the government has accumulated, and the American dream has all but vanished. Even though the future looks grim, looking back in American history, when taxes

Tax reforms have become a major topic for the 2016 presidential candidates. The US taxation system is definitely in need of reformation and it appears that the candidate with the most robust tax principle will ascend to the presidency. Most candidates from both political parties believe that the Internal Revenue Service (IRS) needs to be reformed. To woe voters, some candidates such as Carly Fiorina have even promised to condense the tax code to three pages in order to improve its efficiency and remove the loopholes that have been used by interested parties to push for their selfish desires. Others have proposed to oppose any tax increase with others ascertaining that taxes are essential for economic growth. Principles on tax

Raising the taxes on the rich seems like the obvious solution to solving the United States economical issues. While we’re at it we should establish a multitude of government based assistance programs to aid the lower class. Then, as we currently do, we should expect the lower class to pay little to nothing in taxes. It’s not as if they are driving on the roads or attending the schools that the upper classes tax money goes towards. Everyone considered upper class shall go to college earn a high paying degree, then be bombarded with ridiculous and unimaginable taxes. This is the only solution to support our deprived, helpless, and lower ranked citizens. Forget helping them find employment, let’s just shower them in tax money from the upper class.

Many believe that the current tax system is biased. People exclusively have this feeling when being taxed based on their income. It is believed to be discriminating that the harder a person works and the higher their income, the more that person should be taxed. To fix this, the government has proposed a fair tax system in which they adjust the taxes so everyone pays an equal amount of taxes no matter the person’s income or economic status.

Tax rate increase opprobrium on the rich coupled with austerity—arguments for spending cuts--have led to investment stagnation in the US. Investment is needed for long term economic growth. The blame for paltry economic growth, some argue, can be traced to high taxes on business that discourage investment. These high taxes, for example, are the reasons Apple’s CEO is unwillingness to pay billions of dollars in taxes owed the US government. (See Washington Examiner) But Apple’s Tim Cook’s sin is inversion, i.e. locating a company a lower tax country, then selling at cost (including expected profits). their product to the main branch in the US, and pay taxes (if any) on a sliver of profit. This way Apple avoids paying 35 percent to 40 percent

The United States is a nation that that was founded upon principles of liberty. The founders of this country have instilled this into our foundation and culture. It is no coincidence that taxation has been a top political issue since the formation of our government. The tax code has been continually adjusted and is currently up for new reform. Due to many variables, there is a discrepancy between the top nominal corporate tax rate and the effective rate that corporations actually pay. Aligning the nominal and effective rates would allow for easier accounting, reduce the marginal cost of paying taxes domestically, better alignment of incentives, and as the domestic and global economy is changing, so must the tax code to be adequately

The article “Increase Taxes? Talk by Donald Trump Alarms G.O.P.” by Alan Rappeport from August 31, 2015 in the NY Times raises many interesting points that have been heard from the Republican presidential candidate front-runner Donald Trump. Trump has been known to change his stances on tax policy from one interview to the next, such as in an interview with Fox News when he was in support of a flat tax added to America’s tax system, then soon after saying it would be unfair due to the rich paying the same as the poor (Rappeport, “Increase Taxes? Talk by Donald Trump Alarms G.O.P.”). This article, however, clearly states how Trump strongly feels that we need to increase taxes on hedge fund companies and

wealthy people make money off of society. They are able to afford so much more and live in a comfortable environment when there are people who are living on the streets, not knowing where their next meal will come from.

Have you ever thought about how an increase in sales tax can affect you? Sales tax has a big effect on everyone who is old enough to purchase items. Sales tax is a tax that the government imposes on goods and services. Sales tax should be increased because they help bridge gaps in state's budget, help fund new things, and help save jobs.

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