The Issue Of Taxation And The Middle Class

Throughout the entire existence of any form of government, there has always been taxes. Most of the time (if not all), people hate taxes. With this being said, the United States has adopted a progressive tax since its very existence. We believe that if our nation is placed under a flat tax system, our economy will operate more effectively. If we incorporate a flat tax system we will be able to ensure fairness among all citizens, eliminate tax loopholes, and allow opportunities for business expansion. With this being said, we will be examining the strengths and weaknesses about the flat tax system and how it has been used into practice.

As most people should KNOW that if you focus on getting more money from the rich, you’re losing jobs. Because, in order for there to be jobs you’re going to need money, and if you keep taking larger amounts from these successful companies; the amount of income the worker gets is reduced or they get fired because there just isn’t enough money to keep them working. Hillary Clinton thinks the American people should be taxed more in order for her “plan” to work. Taxes is what her plan consists on, so obviously she wants to raise taxes but as is the average American pays over $10,000-$20,000 in

Her responses to these issues cannot be as vague as she has been and rather offer detailed solutions. As this candidate feels she can relate to more than fifty percent of Americas population, having been born into a “modest, middle-class family” and a mother and father who both worked full time that she best represents what American family’s want and need. (Fiorina) Fiorina is an advocate of growing the economy and reducing federal spending. She has repeatedly made this statement when addressing deficit and debt, but appears to contradict herself when speaking about jobs and “blames limited worker skills and government interference for high unemployment, and seeks to ameliorate the problem through jobs training, deregulation on businesses, and tax rate reductions.” (Carly Fiorina) Fiorina

Consequently, everyone who makes a living in the United States is expected to contribute a portion of their salary to the federal government in the form of taxes. That money is used to fund the day-to-day operations of the federal government, as well as social programs such as Medicare, Medicaid and Social Security, the national defense budget, benefits for retired federal employees and veterans, public education, national infrastructure, including the highway system, and many other aspects of American life ("Taxing Millionaires", 1). The United States requires additional monies to fund all these necessities. If it possessed enough revenue to fund all of these programs, and still have money left, the United States would be one of the most advanced countries, and would rise to an unstoppable economy. If insufficient amounts of money are collected from income tax, schools won't receive the revenue needed to provide programs. As a result, schools would be forced to cut spending, leading to decreased interventions and opportunities needed for each learner. One of the

Is making economy stronger than before. She wants to accomplish such goal through three factors: Strong Growth, Fair Growth, and Long-term Growth. Through strong growth she wants to cut taxes for hard-working families to increase their take-home pay as they face rising costs from child care, health care, and sending their kids to college(HC plans). Through fair growth she wants to strengthen overtime rules by raising minimum wage. Basically she has supported raising the federal minimum wage to $12, and believes that we should go further. With the long-term growth Hillary's comment was “It's time to push back against the forces of "quarterly capitalism" and boom and bust cycles on Wall Street”(HC plans). By that she wants to focus on long term pays, not short-term profits.

First, let’s talk about college. Hillary thinks that college tuition should be free. But, hey! “There is no such thing as free education,” said Trump. Trump thinks that college should be paid for, just that costs should be lowered. Come on, teachers won’t be working for free. Also, Hillary

According to Hillary for America, Clinton wants to invest in medical and scientific research, infrastructure and clean energy. She plans to provide tax cuts for small businesses and the middle class while eliminating tax loopholes for the wealthy. She supports increasing the federal minimum wage to $12 and a tax credit for corporations that offer workers a legitimate opportunity to participate in a profit-sharing program. In addition, she wants to improve federal funding for higher education so that students can earn college degrees without resorting to

Lowering the taxes of big corporations creates new and more jobs for people. Kellyanne Conway, Counselor of the President claims that “When our

Now I know no one like to pay taxes, but it’s a necessary component of our government to provide for the people. Without taxes who would pay for your roads, pay those defending your freedom, or even pay public educators. I am not here today to ask the middle class to pay more, but hear to inform the one percent they should contribute more. The wealthy who can afford it, should pay a little more. With my election, comes a proposal which will delicately raise tax on the one percent. This money will not be wasted in vain, but be used to implement several other plans being developed by my party.

“There is an acknowledgment that it is very shortsighted to blame this loss on a letter from the F.B.I. or what states Hillary went to,” said Senator Amy Klobuchar, Democrat of Minnesota. “We need to do a better job having a bold sharp focus on the economy,” she said, like the cost of prescription drugs and predatory pricing on foreign

Clinton’s approach to the so-called carried interest loophole is radically different from Trump’s proposal in that she believes the Treasury Secretary has the authority to unilaterally define carried interest as ordinary income and tax it accordingly—no congressional action required. And, unlike Trump, Clinton plans across the board, tax increases for the wealthiest Americans.

As with any government program, the type of tax imposed on the taxpayers depends on the political group currently controlling the government. With a republican president in office, we are seeing the effects of the conservative philosophy: cut taxes and limit government involvement, thereby decreasing poverty by stimulating economic growth. Earlier in his term, President George W. Bush passed a major tax cut with this rational guiding his tax policy:

Hillary Clinton target the educated white men and women, and the so-called Obama coalition. But she neglected the white working class, and the uneducated white men and women. In the article called, Clinton’s challenge: Rebuilding Obama’s winning coalition, by Stephen Collinson, she said “I am running for young people like so many of you here who dream of changing our world for the better”. She is talking to the Obama coalition group, that voted for President Obama during his election, 2008 and 2012. Clinton was hoping they would turn out for her, like what they did to President Obama. These Obama coalition group are the young college educated voters, African- Americans voters, LGBT voters, and minority voters. Clinton was relying on them to

The American people are in the presence of the highest tax burden in American history; taxes represent a larger share of the U.S. economy than ever before (Armey 2). After World War II, the average family sent only about three percent of its income to Washington. The same family today gives 24 percent of its income to the federal tax collector (Mitchell 1, 9). Once state and local taxes are added to the federal take, taxes make up the biggest slice of the average family's budget. As Daniel Mitchell of the Heritage Foundation shows in Figure 1, the typical American family now pays more of its budget in taxes than it spends on food, clothing, transportation and shelter combined (Mitchell 1, 10).

The Federal Government relies predominately on the individual income tax, and federal income tax makes up more than 50 percent of the federal government’s revenue. Income taxes are paid by all those who earn income (Mikesell, 2011). It is essentially a bill from the federal and state governments for individual earnings through salaries and investment profits. Income tax is considered a progressive tax because the individual's financial obligation rises with the level of reportable income (Mikesell, 2011). Although income tax is the one of the most effective ways of raising revenue for the government, it is also one of the most controversial.