Essay On Raising The Federal Income Tax

There is nothing worse than working hard all year, having taxes withheld from your paycheck, and then finding out you still owe Uncle Sam come April. Taxes seem to be one of the most politically charged issues, with candidates from both parties making the topic an integral part of their campaign. Whether any real movement takes place is something that remains to be seen, as the Nation gears up for the next Presidential election.

The current tax policy in the United States is very confusing and it is very costly for our government to administer it. It is in the best interest of our country and its citizens to revise or replace our current tax policy.

Did you know that an astonishing 43.4 percent of the people in America do not pay any income taxes" (McCullagh 1)? This is roughly 65.6 million people that aren't paying taxes and this is putting our economy and country at its breaking point. Our current tax system penalizes those that work and save money. People that pay no taxes still get to enjoy the benefits. The United States needs to look at which tax is fairer to the people and easier to administer by the government. Although some may disagree, the Flat Tax should replace the income tax to simplify and bring fairness to the system, increase income, and create jobs.

Being a Registered Dietitian, the first thing I say to all of my clients is to drop the pop. I’m not the only one who is urging Canadians to put down these sugary beverages. This year the Heart and Stroke Foundation is pushing the government to introduce an excise tax on sugar-sweetened beverages (SSBs) (1). This idea has been floating around for several years but gained traction this summer when the Finance Minister requested a pre-budget analysis for SSB taxation (1). The proposed policy would put the burden on manufacturers by adding a tax of 5 cent per 100 millilitres on SSBs such as pop, iced-tea and certain juices (1).

Controversy will always follow humans where ever we go. Humans have argued over many issues for centuries, often times with no conclusion or “correct” answer ever in sight. One common issue that has been debated since the early 1900s is whether or not the more wealthy individuals in a society should be taxed more heavily than their poorer counterparts. Many have argued over the pros and cons of the taxation of richer people, but when one looks at it objectively, the pros far outweigh the cons. Not only do the pros outweigh the cons, but a question one must ask oneself is whether or not prosperous people really need that extra money? Richer people should be taxed higher because it is better for the economy, social classes will

Everyone gets frustrated with income taxes and everyone complains that they are paying more than enough, but who really pays more in federal income taxes? Having a progressive tax system; meaning that the more money you earn, the more you will have to pay in taxes; would lead to the rich paying for most of the taxes and not the poor. Unfortunately, many people do not realize some of the problems with the tax system itself that offsets the balance as well as the results when it comes to taxes. There are many unseen things when looking at no more than just the statistics of who pays the most in taxes. Anything from the tax rates, the difference between federal and individual income taxes as well as state taxes can create a problem when

Since the passage of the 16th Amendment in 1913, taxes have been a major issue in United States politics. Many Americans, especially between major political parties, have had polar views of the level of taxation that should be implemented. Taxes are the main source of revenue for the government and states. Every individual citizen and corporations have the obligation of paying several different types of taxes that range from income taxes to tariffs. In the United States, there is a progressive tax system which allows for each income level to have its own level of taxation. Historically, the Republican Party has advocated lowering taxes and the Democratic Party has advocated tax increases. This is no different in the current 2016 election, where each candidate has a tax policy that aligns with their party’s views. Both Donald Trump and Hillary Clinton have put forth tax plans that they believe will grow the economy and help the American people. I advocate the cutting of taxes for all Americans, to put money in the hands of the people, ensure that money will circulate, and bolster our sluggish economy.

The 2016 presidential campaign is unfolding as 15 Republican have declared their bid for the presidency. As this race progresses, one issue they will face questions about how each would address the federal tax policy and how they will pursue a tax reform should they become president. The tax issue is a touchy subject for republicans as they hardly won on this issue since 1988. During 2008 and 2012, the GOP has managed to lose on the tax issue to President Obama.

According to “Christian Science Monitor”, The United States tax system has almost always been progressive, meaning the richer you become, the higher percentage of your income you have to pay to the government (Grier, 2012, p.1). Grier alludes to the government as being politicians to the economy and to the citizens for making them pay taxes no matter what the costs. This is how the American dream has been flawed due to the fact that all citizens must pay a certain percentage of taxes when in reality some do not have the sufficient earnings for them to pay at a high cost. For Instance from “The Wall Street Journal”, the most recent IRS data shows that the top 5% of earners bring in 37% of the income but pay 60% of the federal individual income taxes. The bottom half of earners bring home 12% of the income but pay 3% of the taxes (Brooks, 2010, p. 2). Brooks gives the idea that the citizens from different classes have different percentages of taxation. That does not precisely mean that all citizens pay different amount of taxes. Mostly all must pay the same tax in order for the economy to roll by safely. In the end, The government has overspent for years wich turns to tax increases instead of spending cuts simply for the sake of “fairness” and that is simply

With raising the federal minimum wage, the government could also put new laws in place that expand the Earned Income Tax Credit (EITC) and decrease health insurance premiums for the lower and middle class. The government could also create training programs for minimum wage workers, allow them to take two to four years of community college classes for free, or reduce taxes on the lower and middle class. Increasing the Earned Income Tax Credit would help the working lower class earn slightly higher than a “living wage” while not damaging our economy and causing inflation. The middle to upper class would most likely have to pay slightly more in taxes, but it would balance out when they no longer have to pay taxes for the lower class to receive government assistance. Currently, a huge

The rich and business owners already pay far too much in taxes. They already sacrifice too much. They already share their wealth too much. The top 1 percent of income earners (almost all of whom are small business owners) already pay 40 percent of the personal income taxes in America, more than the bottom 95 percent combined.

Taxes are a main contributor to the United States’ economy. One thing that I never understood with taxes is why the rich get a large tax break, where the middle class get a small refund. The rich can wind up making up the payment in taxes by working in a short amount of time. The amount of money you make should contribute to the amount of taxes you pay. Tax rates fell during the presidency of Ronald Reagan, George H. W. Bush, and Bill Clinton, however this also wound up benefiting the rich as well.

“In this world, nothing can be said to be certain except death and taxes”.Taxes are inevitable, the government uses our tax dollars for many things that every citizen utilizes in some way or another. The United States government spends money in areas such as military, social security, interest on the national debt, veteran benefits, food and agricultural benefits, and education programs. A popular topic lately is, are the wealthy taxed enough or are they over taxed? Do the wealthy pay their fair share based on how much they make?

Since our tax system is income based, some people do not even pay taxes for example, the poor do not pay taxes. A new tax system will hurt

"Ca-Ching," that's a sound the rich hear often. You may ask yourself "why do I have to pay as much taxes as a person who three times more money than me?" Well if you do, this is the paper or you. In my paper, you will learn about why I think the rich should pay more taxes.