Could you also give me a good website about this problem that also contain the statistic graph about the tax differences between rich people and poor people?
2006-11-19 10:42:34 · 6 answers · asked by Good Boy 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
The benefits of increasing taxes on weathy corporations and individuals are many and varied. In fact, the only hope the United States has of surviving as a nation is to restore the progressive tax system that was beginning to make us a great nation until the conservatives took control with the "contract with America" and other large-scale lies they used to scare ignorant people into voting for them.
Rich people and businesses should be taxed more heavily than are ordinary working people and small entrepreneurs for the simple reason that it is the benefits of a tax-funded government that enabled them to become rich.
Rich businesses became rich because they had "free" access to streets and highways, the telephone system, the protection of law enforcement agencies, the weather bureau, the Departments of Commerce and Agriculture, and countless other benefits that the conservatives have been working to dismantle over the last 20 years or so.
The fact that working people, poor people, and small business people pay a proportionately higher percentage of what they earn for these benefits slants the playing field heavily in favor of the rich.
That is why rich companies and individuals hire politicians like George W. Bush to play golf with them and distort the workings of government in their favor.
We are not talking about "taxing the rich to pay for the poor," as one wag put it. We are talking about taxing the rich to a fair proportion of the cost of the benefits of society that help to make them rich. It is essential that Americans re-learn this simple reality, which they once understood before the Reagan adminisration began "dumbing down" the American educational system.
So those are the benefits of taxing the rich more fairly. I'm sorry to say that means taxing them more. I can get away with saying that because I do not play golf with them.
As for internet resources to help you visualize this, simply do an internet search on "progressive taxation," and you will find large numbers of articles, some including graphics, that explain how this works.
2006-11-19 11:14:53 · answer #1 · answered by aviophage 7 · 1⤊ 0⤋
One thing people don't understand is that corporations do not pay taxes. We buy their products and they share some of the profits with the IRS. If their taxes are raised then the prices go up and they share more of their profits with the IRS. If taxes go up and they can't raise prices then they close their doors, fire the employees and put their money where it can make more for them.
If the employees are fired we pay for the welfare that they have to collect in order to survive.
2006-11-19 22:51:44 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋
There was a website which had the distribution of wealth and income. I also remember seeing a pdf file on a website that compared income and wealth for CEO vs the average worker for the company. You might want to start by looking up Distribution of wealth in the wikipedia (1)
2006-11-19 12:09:18 · answer #3 · answered by icprofit6000 7 · 0⤊ 0⤋
simply by fact the ideal a million% of the inhabitants who could be in that bracket hires very very stable lobbyists. They intentionally confuse people into thinking that if the ideal bracket is low, taxes are low. i exchange into an auditor with the IRS as quickly as we had a 70% bracket. the single ingredient i spotted after the 1986 tax reforms exchange into that charitable contributions dropped heavily. a lot of our large libraries and Universities have been endowed by utilising rich people who have been in a extreme tax bracket. Warren Buffet presented a million funds to any billionaire who will pay a greater fee of tax than his secretary. He had not takers.while they could convert their earnings into capital effective factors and dividends and pay 15%, and 35% at something, there is way less incentive to grant.
2016-10-22 09:23:48 · answer #4 · answered by ? 4 · 0⤊ 0⤋
tax increases and decrease is as a result of of a fiscal policy by the govt. The higher your income, the higher your taxes. Corporations are double taxed. so they pay huge taxes.
It's called progressive tax.
There is nothing you can really do, maybe an appeal can work. But I am not sure.
2006-11-19 10:44:55 · answer #5 · answered by I'M GONNA GO PLACES 5 · 0⤊ 1⤋
Why tax the rich to pay for the poor?
2006-11-19 10:48:30 · answer #6 · answered by Anonymous · 0⤊ 1⤋