Should the wealthy have to pay more taxes?

Question

Why or why not...

Answer 1

Nope, I think everyone should pay the same percentage in taxes. if its 24%, if you make 19,000 dollars a year, or 190,000 dollars a year, they both should pay 24%, no more, no less.

Answer 2

The wealthy SHOULD pay more taxes and a lots of it. By wealthy, I refer to the top 3 -5% of wealth holders in the country. They not only control maybe 70-80% of wealth in this country, the entire policy of the current administration is set to ensure they become even more wealthy.

They live in a country that fosters and encourages wealth. If someone rises above the fray, they should reap the rewards ... But, they should never expect that entire governement policy be created to support their increased wealth, while the same policy tramples down the poor and middle classes.

The Republicans will always bang their drums loudly on how this would affect small business owners. ... but it not the small business owners they are protecting ... small business is not the main political contributors of the Republican party, while big business is a huge political contributor. The Republicans are all about big business and the very wealthiest in this country .. hence the huge tax loopholes for big business, and the hamstringing of the IRS in recent decades.

Even though they are not the party of the every day hard working American. the Republicans know how to capture the vote of the common man ... they target the fanatical, the racists, the intolerant, and those with a single-minded issue such as gun rights. Viola! ... millions of hard working people ... often victims of Republican policy themselves, are now voting to make rich people even richer. A Republican dream comes true.

Again, the wealthy SHOULD pay more taxes and a lots of it. It is not all about them ... other people live here too.

Answer 3

No a flat tax; everyone pays the same percentage of their salary; is the way to go.

Even better would be a national sales tax on everything but food. Then you would have better control over how much tax you pay. You want to buy that Ferrari you get to pay the high sales tax. Buy a Honda and pay less. If you can afford to buy all new kitchen appliances then you can afford to give more in taxes than someone who can't afford new appliance.

Simple and fair!

Answer 4

No! The wealthy in our country are in many cases small business owners. Raise their taxes and you hurt small business. If small business is hurt you get less job growth, small business employs more people than big business, less total tax revenue, less contributions to charity, less economic growth, more tax violation...raising taxes never works. Stimulation of the economy through tax cuts is the best revenue producer for the country. There is not a time in the U.S. history when tax increases have done anything except to promote more government spending and larger bureaucracies

Answer 5

No. The people on here who think otherwise are socialists whether they know it or not. This country was not founded with a "progressive" tax system and it survived fine for 124 years without one. Taxing the rich only hurt the economy in the long run. Look at Ireland, it has a flat tax and the economy is booming. if we adopted another taxing system (flat or otherwise) this country would be in a boom like we haven't seen in our livetime.

Answer 6

Of course they should have to pay more taxes. The wealthy have more money, have more resources, and benefit from government maintained resources more than anyone else. Therefore it is only right that they should pay more taxes.

Answer 7

Since they make more money, they should pay more taxes. As it stands now, there are more tax shelters to hide behind if you're wealthy.
I have to wonder (as a middle class citizen), how much money does a person need? These CEO's make more money than they can spend. I sure can't tell them how to spend their money but if I had that type of money, I'd probably be a politician that changes things like health care for the poor, re-prioritize the educational system.
Most people don't realize the middle class is shrinking, while those in "extreme poverty" is growing. Aren't we supposed to be helping those who need it?

Answer 8

Like Imus? created a fake little charity ranch that only allow kids there 9 days out of a year and deduct the taxes plus also benefit from the charity $$$

Answer 9

No. The government should spend less money.

Of all that the government spends, how much of it benefits you and how much just benefits the politicians.

Think about how much you paid in taxes (or qill pay by Monday) and ask youself if the federal government provided you with that much value.

I want the government to provide me with an itemized invoice of where my personal tax dollars are going and how it benefits me.

Answer 10

I, for one, am in favor of regressive taxes instead of progressive taxes. One reason is that regressive taxes will give people a positive incintive to fall into a higher tax bracket, instead of a negative one. I think progressive taxes keep people from wanting to be in a higher tax bracket because that means they must pay more taxes. I also think it keeps people from wanting to even be in the tax base at all

Answer 11

yes because it is unfair to tax the poor who can barely scrape by and you have politicians and others who make stupid amounts of money and comparitivily pay little taxes based on their incomes.i think all politicians are overpaid and underworked same as our judges and many others .it is stupid that people will spend 10 or20 or 40 million dollars or more on a house and other people are forced to live in unsafe houses and so many homes are being foreclosed on it boggles the mind.