Higher taxes for the rich?!
By schilds
@schilds (410)
United States
January 26, 2008 9:45pm CST
This topic has come up a lot lately with discussions of the election and all, so can someone please make me understand why they think those who have higher incomes should be taxed at a higher rate.
I just can't figure out the logic. The way I see it, at any tax rate, if you make more money you pay more money. So why should those who make more pay a higher rate? For example, 10% of $30,000 is 3000 --- 10% of $300,000 is $30,000. The person making more money is already paying 10x more, why should they pay 25% or $75,000 that's 25x more. That's a pretty big penalty for having made better career choices!!!
Those people making huge salaries didn't get those salaries by sitting on the couch playing video games. They went to school or worked their way up to that, and many have sacrificed any semblance of a life outside of work to get there. Please explain to me why the government of a country founded on freedom from oppression has the right to penalize them for earning a salary.
4 people like this
5 responses
@danzer (2723)
• Philippines
27 Jan 08
The history of taxes was that it's intended for the high income people and the rich. At first, it was still ok, but as time passes by and the government want to have more money to finance their own programs, they taxed the average income-earners. Now, everybody is taxed already.
This benefit the company owners who shield themselves through corporations!
@lightningd (1039)
• United States
27 Jan 08
I don't know why the tax rate changes do to income level, but what I do know is that it most definitely isn't fair that once they get over a certain amount, they aren't taxed on that income AT ALL. Same goes with Social Security. If They're making the money, they should have to pay taxes on ALL OF IT. I wouldn't care if they put everyone at the same 10% tax rate, but there should be no maximum set amount where they stop taxing the money. The rich get richer the poor get poorer.
1 person likes this
@schilds (410)
• United States
27 Jan 08
As far as income tax there is no maximum. If your income is higher than the tax chart goes they give you a formula to figure your taxes.
Social security isn't a tax. It's a retirement plan. Being the government it's a little more complicated than that, but that is what it is. Since Social Security wont pay unlimited retirement benifits why should there be unlimited witholdings?
1 person likes this
@ladyluna (7004)
• United States
31 Jan 08
Hello Schilds,
Nope, I'm sorry but I cannot help you understand why the wealthy should bear more of the tax burden. A "Progressive Tax" defies logic, and completely befuddles reason.
Reading through your other responses, there is little question that the issues raised about the iniquity of inequity would all be alleviated if the U.S.A. would undertake to undo the 16th Amendment, and adopt a "Consumption Tax".
Of course, our elected representatives will never agree to this unless the American People hammer them with threat of mass impeachment! The reason why is most of their power is derived from the tax code, and their ability to legislate exclusions. This is how the curry favor, which is how they build their wealth base.
Ya' know, I'm glad that I cannot answer your question. And, I hope that no one else can sufficiently answer it either. If none steps up to provide the emotive reasons generally given in support a progressive tax, then maybe people are actually realizing that our system is irreparably broken. And, that those who are best served by maintiaing the status quo are those who most benefit from it.
If people really want change, they need to vote for non-establishment candidates. Otherwise, Washington will never change!
@mkirby624 (1598)
• United States
29 Jan 08
I agree, everyone should pay a specific PERCENTAGE, not specific dollar, amount, though. That way, the same percentage is coming out of everyone's check, from the kid making $5.15/hr at McDonalds to the CEO of a company.
1 person likes this
@kdhartford (1151)
• United States
27 Jan 08
You are absolutely right that it does not make sense. But the group of people that really get hurt by this insane arcane tax code is the small business people who make who do most of the hiring and firing in the US.
1 person likes this