Should Rich People Pay More Taxes?

Rich People should not have to pay more taxes. They pay higher income tax, they should not be punished for doing well financially, and when tax rates increase rich people flee. One of the reasons why they should not pay more taxes is they already pay higher income tax. In America the top 3,000 people pay more income tax than the bottom 9 million people.(Wilmers 1). Also, the top 20% of households account for 51% of all income but pay 68% of all federal taxes.(Sivy 1). If the top 3,000 people are

Nia Reedy P4/hill Should the rich have to pay higher taxes? As a lot of the American citizens know, Uncle Sam has a way of hitting a lot of bank accounts, some quite more than others. In America’s economic system there are three classes. The classes include the rich (upper-class), middle, and poor. Although the Rich is highest paid class, middle class unfortunately pays the most taxes. The rich should have to pay higher taxes because they make more money and it also stimulates our economy

Americans pay taxes, but the amount and the type of the paid taxes are very different from a taxpayer to another depending on their incomes. Affluent Americans pay a larger share of their income in individual income taxes, corporate taxes, and estate taxes than lower-income groups. By contrast, lower-income groups owe a greater portion of their earnings for payroll taxes and excise taxes than those groups who are better-off (citation). Although we have discussed whether rich people should pay more taxes

Raising Taxes on the Rich The United Sates debt and deficit is a major problem in our society. One thing I would propose to the President would be to tax the rich. It is useful to keep in mind how the rich and the poor are different. When you are poor, you are willing to trade your time to earn money. When you are rich, you trade your money to get time. For example, the rich hire people to do stuff for them like cleaning their homes and doing other stuff for them they don’t want to do or they don’t

Taxes are handed out “Poorly” The worst thing I think America ever did is putting way too many taxes on the poor. One of my reasons is that the poor can’t afford a lot of things with taxes and if the poor buy something they also have to pay taxes, which will make everything more Expensive. My Second reason is that the government should make a rule for taxes based on the person's income. My Third reason is that because of the taxes the poor are getting poorer and the rich are getting richer

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

saying goes, the rich are getting richer while the poor are getting poorer. The government has always had several issues with which to contend, one of the major arguments has 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

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

Each individual pays income taxes when they receive enough wages, and they also pay sales taxes when they purchase for goods. There are diverse kinds of taxes which are should be paid by both sellers and buyers. Many politicians of a country greatly consider the fairness of paying taxes to receive high attention (206). The fairness of taxing based on the ideal tax system which is fair, equivalent and clear to all taxpayers. There are two conflicting principles of fairness of taxes; one is the benefits

inequality has led some Americans wishing for the rich to pay more in taxes. Leaving the rich speechless as to why they should pay more even after working hard to reach their goals. “The poor are not poor because the rich are rich”, as this was stated in the Inequality Misunderstood document by Robert J Samuelson, this proves the point as to the rich being able to work hard in order to have the money to support their family. The reason as to why the rich are rich is because of small businesses, including