Is It Ethical to Tax the Rich More

1728 WordsNov 21, 20127 Pages
Should the Rich Pay Higher Taxes? I would first like to start off by saying that this question really doesn’t make sense as the rich already pay higher taxes and the candidates aren’t trying to make it so everyone pays the same amount, just that the rich will either pay more taxes or get a tax break. According to usatoday.com “The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.” With that being said my paper will be on whether the rich should have their taxes raised while those making under $200,000 a year $250,000 joint filing have their taxes stay the same or if everyone should have a tax break and whether…show more content…
Our wealthy pay the highest taxes in the world. If they leave, then we will lose 58 percent share of taxes, 80 percent of charitable contributions and the majority of jobs. They are leaving. The Census Bureau reported that departures of top earners, used as scapegoats for the failings of government, doubled this year to 154 a week (74 in 2011). As Obama’s attack escalates, departures escalate. Soon, tax burdens must fall on the middle class. Europe’s decline began the same way.” The minimal amount of good raising the taxes of the wealthy would do doesn’t seem worth the risk of them moving to places with a lower tax rate. There are many arguments to be had on both sides of this debate. The poor and middle class aren’t given the chances the rich are because the schools are better in rich neighborhoods then in poor neighborhoods, poor and middle class can’t afford college (which is false because financial aid makes it possible for everyone now), and the rich have the money so why not tax them more? The rich say they earned their money so why should they be responsible for bailing out America and not all Americans including the ones who make less, and why is success a measure of how much you should be taxed? Neither side is right and neither side is wrong and it comes down to a personal preference. This is where Obama was smart because most of America who are middle class won’t think like me and my mom and do believe the rich
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