Should Rich People Pay More Taxes?

The issues of taxation

Taxes is when the state takes a percentage of the money you make to help the community or the state. Also one reason we get taxed is to pay off the government workers. Another reason we get taxed is to pay for the public buildings and public roads we use like libraries, schools, and highways. Finally another reason we get taxed is to help the poor or less unfortunate also to help an organization.

Amity Shlaes talks about how presidents such as Nixon, and Bush removed millions of Americans from the tax bracket completely and that those same exact people don’t want a proportional tax rate and want to tax the rich because “they can afford it”. That just seems unfair and unjust. The first video was very opinionated saying that the rich now make more money than before, of course they have the money now due to war times & depressions being over however, the less money they have the less likely they’re to make more investments into other things such as creating more offices, and hiring more people to work for their company

Constitutionally, the government has the right to tax its citizens. The idea of the states working together to defend against enemies and for the general welfare of the

The rich should not be taxed more. Increasing tax rates for the upper class will not solve the present inequality problem. The wealthy americans should be expected the same amount of taxes as the poor for equality. Those who earn more shouldn't help the less fortunate because they worked harder for the money they earn.

Today, the federal government controls unrestricted means to execute whatsoever the elected official desire, without reverence for the Constitution the aforementioned vanished gradually. Common people are not knowledgeable that the United States in 1776 did not have an income tax, and in 1913; a perpetual income tax was inflicted upon the people. In actual fact, the Constitution disallowed an income tax. For longer than a century, the leadership endured completely without proceeds from wages. Formerly, the U.S. government performed by means of tariffs from imported products and excise taxes required at the fabricating point of domestic commodities.

Taxation, a method by which a state, local, or federal government collects money from its citizens in order to fund the operations of the governmental body. When our nation first began, it was built upon the unanimous hope of freedom from Europe shared amongst a group of brave men and women willing to risk their lives to make the journey across the ocean in order to found a nation free from the King. In the late 1700’s, the 13 colonies of America were established; free from the rule of a monarchy, the Americas were an independent nation run under the Articles of Confederation. The Articles of Confederation formed a weak form of government under which the balance of powers between the state and national 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.

Why shouldn’t the wealthiest of Americans pay a higher percentage of their income for taxes? Certainly, things would get better if the wealthy paid more taxes. This philosophy is why welfare continues to exist today. People worry more about what is right for the other person without looking at themselves and taking responsibility. It is overrun with individuals who prefer to be on welfare than to work hard and contribute to society. This doesn’t mean welfare is not needed, but that it should not be a career. It offers no permanent solution, but only prevents a real solution from being realized. So why should the wealthy pay a higher percentage of taxes just because they can afford it? They work hard, so shouldn’t they be allowed to keep what they earn? This is not an example of scrooge-like behavior, but that hard work should have its rewards. The way to a better life should start with hard work and the desire for independence from government support. This would help people regain personal pride and become productive members of society, rather than a drain on its resources. It is not a crime for the wealthiest to earn high incomes. Shouldn’t hard work pay off? Why be penalized by paying a higher percentage of your income when you worked hard to make that income? Simpler solutions are required.

Taxes are the dollars that we pay to government to supply the services that are not or can not be provided through the free enterprise system. Taxes have been around since the beginning of organized societies. They come in various forms. Most common are income taxes both federal and local government. These taxes are assessed on the amount of income a person earns. Other taxes come in the form of user taxes; these taxes are imposed on the people that are using the goods being taxed, such as gas tax, alcohol tax, sales tax, and luxury taxes. Property taxes make up the major revenues for local and city governments. Furthering the burden of taxation are taxes that are attached to such bills as utility

Opponents claim that having the rich pay more in tax is class warfare. For example, former speech writer for former President Richard Nixon, Ben Stein, said on CBS's Sunday Morning, "I am not quite sure what my sin is. I worked for almost every dollar I have." He argues that the wealthy are being punished. "But for what? I don't own any slaves. I employ many people full- and part-time and they are all excited with their pay... what did I do wrong?"("Extending Tax Cuts") Ben Stein reports this as class warfare, Since it requires him to pay additional tax for working hard and earning more money. The bottom 40% of all income earners benefit greatly from the income tax code. "In fact, they actually pay negative income tax rates due to refundable credits, such as the Child Tax Credit and the Earned Income Tax Credit wipe out their tax liability and pay out more money to them than they ever paid in. The income tax burden of low-income earners has trended for years"(Dubay). Since low income earners don’t have enough money to spend on their kids, the government gives them money. In some occasions the government gives these families more than they pay in taxes. Those who oppose this say that raising tax rates on the rich damages economic growth, because it reduces the incentives to work, save, invest, and accept economic risk. Raising taxes on the rich hurts workers at all income

“Considering that the top marginal tax rate for the wealthiest Americans today is 35 percent, that figure seems astounding. But it's true that in the 1950s, the top marginal tax rates were over 90 percent” (Farley). Many may think, how does lower taxes on the highest income earners have an effect on them. Simple, less funding of programs that enrich the quality of one’s life. When the government does not receive the needed funding spending cuts must be made. Unfortunately, these spending cuts are more often than not are on government programs that help those who are

Taxation rate is a very controversial topic in America. Many people like Mark Rosenfelder, Author of Why the Rich Should Pay More Taxes, believe that the more you make the more you should be taxed. They justify this by saying that Upper class, well-to-do individuals take more from the government. They say because wealthy people have more, they have more to lose; thus they require more protection. Many believe that a flat tax, a tax in which all citizens pay equal tax regardless of their income, is unfair. Really? Taxing someone because they work hard and make more money seems to make less sense. Raising the tax rate just because they work hard and have more than other people isn’t right. The wealthy upper-class citizen did not make the lower class poor and shouldn’t be taxed heavily to support them. In his essay Rosenfelder focuses his attention on how to bleed the wealthy for their money through a progressive tax.

In America, most people are trying to get the government to raise the taxes on the rich, but why doesn’t the government raise the taxes on everyone? It is not fair at all to raise the taxes on the rich just because of how fortunate they are. If the government taxed everyone a little more and also made the poor pay their taxes, our nation would be in the same spot as if we made the rich pay a higher tax. This way is more equal and in today’s world we need to be as equal as possible so we can stay united as a country. The only thing that could go wrong with this plan is if the Americans who take advantage of the government’s money keep living this lifestyle. If these Americans would keep taking advantage of the government it would make all taxpayers

What do you think would happen if the rich paid more taxes? Would there be a better economy or would it be worst, maybe even stay the same. Increasing the taxes would help out our economy in a few ways. one way that it would help out our economy is that not only would there be less of a concentration of profit at the top of our social ladder there would be more revenue for the funding of civil union jobs. Also not to mention causing the bigger corporations to have to pay more so they would be unable to escape with the majority of the illegal activity they do today. Lastly if the government were to crack down on offshoring it would help with collecting taxes and the money would return to the people and back into circulation for our economy. Here are some reasons why the rich should pay higher taxes.

When it comes to income taxes, the focus is usually on jobs, personal investments, and savings. The debate on who should bear the greater burden when it comes to income taxes is timeless. If all types of tax are aimed at developing the economy, it should be everyone’s equal responsibility to engage in taxation regardless of one’s economic class. Both parties involved proclaim the legitimacy of their arguments. The articles under discussion are representative of this debate. On one side of the debate, there are those who feel that the rich should pay more taxes. Then there are those who feel that the rich should not be punished by shouldering the burden of taxation (Benson and White 1). From an economic theorist’s point of view, both articles articulate valid arguments. However, this does not nullify the significance of the prevailing economic situation. The above debate can be based on various economic contexts.