Lower Class Pays More Taxes

Growing Stability of the United States When it comes to financial stability, how stable would you consider yourself to be? The truth is, the majority of people are not really sure which of the economic class systems they fall into. Many believe they are better or worse off than they actually are, not truly knowing how the other economic classes live (Francis). Economy is defined as the system in which goods and services are produced, sold, and bought in a country, along with the careful use of money

In the United States, taxing is a large source of funding for many programs. Taxes are instituted to all U.S. citizens by the government for government programs. Without taxes roads, buildings, public services, and much more would not be accessible to everyone. Yet, as simple as a tax sounds, there are several different qualifications and standards that make it more complicated (Weigant). There are several different tax systems, only two used in the United States: regressive and progressive taxation

government were unbalanced. Congress had no power over the states; they could not collect taxes which were vital for the survival of the emerging nation. It was not until approximately ten years later that the United States Constitution was ratified and a democratic government was formed under which a balance of power between state and federal governments was enforced. Under the new system, congress could impose taxes upon citizens for the purpose of paying the country’s debt, security and welfare. Article

been, do the rich pay enough on taxes? This argument on rich paying enough in taxes has been around since the start of American history. On one side of the argument, people feel the current tax rates are at maximum levels, the “Buffet rule, which calls for a minimum tax rate of 30 percent on those who make more than $1 million a year is essentially already in effect” (Dubay 353). This argument clearly states the rich are currently paying more than enough in their fair share of taxes. The other side

individuals based on the concept of ability to pay. By dividing taxpayers into categories based on income level it then allows the wealth of the country to be equalized. When individuals envision progressive tax systems they are usually referred to the income tax that is due on April 15th of every year. However, progressive taxes comes in various forms, such as estate taxes or luxury taxes on consumer goods. Estate taxes require higher net worth individuals to pay an additional tax on their property when

While researching the topic of the middle class and the Affordable Care Act (ACA) otherwise known as Obamacare, I found many articles about the impacts of the ACA on the middle class. The majority of these articles discussed how the ACA has negatively impacted the middle class and has made the middle class Americans have to pay higher taxes and premiums. These articles also show that for those who were previously uninsured, the cost of medical care has gone up. My goal in this paper is to show how

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

The Many Differences between Lower, Middle and Upper Class There are various ways of referring to class. Often, when people talk about lower/middle and upper class, they talk in terms of blue/white collar jobs. Ideally we would all think we fall into the middle class; however, most of society is in the lower/middle class even though they are working their dream job with a degree. Additionally, the American dream has changed drastically throughout the years. The ‘unfair, ' the system that effects

different social groups which were middle class, lower class, upper class and the working class. I was assigned the lower class and I knew once the game started that I was going to have to work hard to stay in the game. Each person was given a different amount of money due to their social class. Being that I was in the lower class, I started the game off with five-hundred dollars, while the other members started off with one-thousand dollars or more. The social class placement that each member was assigned

three major classes which are the high class, the middle class, and the lower class. Each class system is designed to decide their taxation livelihoods, income stability, and their qualities. Although, each class system is setup different through their income stability, they all have a form of relationship with the taxation system. The taxation system is unfair and outdated because the government takes money, the government has no accountability, and taxes are very expensive. One reason why the