The Government Should Not Be Taxing Us For Someone Else 's Needs

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.

However, there are also some drawbacks associated with raising taxes. Tax is a form of leakage from the circular flow of income leading to negative multiplier effect. If the government increases income tax rates, it might create disincentives to work. It is because when income tax increases, the opportunity cost for leisure time decreases; and people will have to work longer

The main concepts of the article are describing the corporate welfare system and how it is responsible for growing economic imbalances between the poor and rich populations. The article elaborated on how we cannot ignore the issue anymore because of the substantial loss that we are facing by letting the gap grow (Huff, 1993). The article also goes into the IRS and how there are tax exemptions and deductions that people qualify for and what is allowed.

Providing a base income for all americans regardless of previous income would greatly affect the standard of living in america. Replacing all other government benefits with ten thousand dollars per year for all american citizens over the age of eighteen years old. Say a person makes forty thousand dollars per year, they now have an extra ten thousand dollars to add to that, enough to cover daycare or assist in daycare costs for a single parent, or to allow someone who works three jobs to now be able to to work two instead. It’s no secret that ten thousand more dollars per year would be helpful to anyone, but for some it could be the difference between living on the street or not. Yes, ten thousand dollars is most likely not enough for someone to be able to afford their own apartment, house, ect. Even so, living with a roommate is preferable over living on the street.

Democrats are pushing for this because in the 90’s when taxes were set up like this, the economy was very strong, but, “in the seven years since, Republicans have produced $3.8 trillion in new debt and made China our national banker,” (Skiba). Pushing to reduce the national debt, democrats want to create equality in the economy with taxes. Along with progressive taxation, democrats are more favorable towards government spending, especially for things such as social security and entitlement programs that help the masses. The Democratic Party would like a more regulated economy where the federal government steps in to create balance and equality.

One of the major problems that this act of legislation causes economically is an unequal taxation of different groups based on their income. Those who make $400,000+ are taxed a rate of 39.6% of their total income. (H.R 8, 112th Congress) This does not incorporate sales tax and property taxes that are also taken each year as well. In the book “Economics in One Lesson” by Henry Hazlitt, one topic that is discussed is how taxes discourages production. In the case of The American Taxpayer Relief Act of 2012, those who are of working class category will not see a change in their tax rates. This is great since the monetary funds that they do not pay in taxes they can either invest or use in the market. However, the taxes for those who are of upper class status have the burden. As Hazlitt

The tax system in the United States has changed throughout the years, with many attempts to make it "fair" or "equal" while at the same time generating enough income for the United States government to thrive. It is a complex issue, and a controversial one at that. While it may not be possible for our tax system to ever be fair, it is important to make sure it doesn 't put more financial stress and pressure on one group than on another.

Furthermore, there would no longer be as many individuals just passing through and getting access to public goods, because everyone would have a standard UBI. Through the UBI, taxes would be reduced or eliminated which would reduce this dilemma. Therefore, it would alter the distribution of collective responsibility between voluntary action and mandatory obligations. If taxes were to be reduced, individuals would most likely not voluntary pay to fund certain things. Furthermore, if taxes were a mandatory obligation then it would have to shift in a certain way so that everyone contributes to social insurance, health care policy, and anti-poverty policy. This would also go with the anti-poverty policies. It is indicated that rather than creating incentives, it would re-distribute income to individuals, minimizing ways to get ahead, and decreasing voluntary

Our current income tax system today is very complex, unfair, inhibits saving, investment and job creation, imposes a heavy burden on families, and weakens the integrity of the democratic process. It can't be fixed and must be replaced. The U.S. income tax code is a long and complex system. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms. The IRS sends out eight billion pages of forms and instructions each year. The administrative costs of the tax system far exceed those borne directly by the IRS. Each year Americans devote 5.4 billion hours complying with the tax code, which is more time than it takes to build every car, truck, and van produced in the U.S.

Especially in urban cities it is hard to get a job. Most people work on minimum wage earning from $11.00 to $11.25 per hour, it s really tough for them to pay what they need to pay, like taxes, rent and food. If people get unemployed they won't get paid. Being unemployed is a higher chance of being homeless. The people that live in poverty will have a big chance of not having enough money to pay taxes. Taxes can affect schools, healthcare, transportation, children benefits, supporting the elderly,

Currently, the United States has a federal income tax that is very difficult to understand, to comply with,

Throughout history, taxation on United States citizens has proven to be a necessary component of a growing economy as means of generating revenue for the federal budget. The federal budget funds the many government programs implemented to keep the disabled, elderly, and unemployed from falling bellow the poverty level. Unfortunately, this fund is not always available when catastrophic evens, such as an economic recession, deplete the revenue coming in and create a budget deficit. In order to regenerate money coming in and replace the deficit, the government calls on money gained from taxes. What happens when tax money is already appropriated to other programs? A tax reform. A tax increase has many times been the

The United States economy, as known by all, is not in its best shape. One way in which the government gains money is by imposing taxes on people. There are many taxes that are placed on different things that everyone needs or already has. The United States uses a taxation system which is criticized by many. The system used in Progressive Tax; however, many people believe the system of Flat Tax, or Proportional Tax, should be the system that is used for taxing.

We have all heard the famous quote by Benjamin Franklin who stated, “In this world nothing can be said to be certain, except death and taxes.” (“Benjamin Franklin Quotes”) We find this to be true as we begin working and feel the pain of money being taken from our paychecks. Then we face the chore of having to file income taxes yearly. Although there are many taxes we are subject to, most people are referring to federal income tax when they complain about taxes. There has been debate for decades about the current system but there has been no agreement on how to fix it. The United States currently has a progressive tax code which means people pay taxes according to their earnings. This has been in place since the time of Abraham Lincoln. An alternative

Further taking the economic perspective into account, this would even help the nation as a whole by increasing its total production and achieving economic growth. This in turn could lead to greater equality amongst the citizens and the whole theory about levying taxes prospective in nature could be dropped without having any arguments.