Do you agree with taxes being...?

Question

During the Clinton administration, laws were passed regarding taxes. The rich would be taxed more than the poor. How much money a family had determined how much in taxes they would pay. The Bush administration got rid of this policy. Should the rich keep the money they've earned or should the poor be helped out? In other words, do you think that the rich should be heavily taxed and the poor lightly taxed, or the other way around?

Answer 1

I think the poor should be lightly taxed, maybe because I am poor!!! Just a touch biased I guess...

Answer 2

What laws were passed during the Clinton administration by the Republican Congress regarding taxes???? During the Bush administration, the wealthy got healthy rebates while the poor got little if any money back. The question of taxation irks me. Yes we need taxes, and yes, not everyone agrees with what the taxes should be for, but by and large, the wealthy pay a smaller percentage of their money into taxes than the poor for a variety of reasons. One is the wealthy are usually better educated, and therefore understand and use the system to their benefit. Another is that the very wealthy can hire good accountants and for a much smaller cost than what they would owe, they can avoid paying taxes. I once heard a liberal celebrity complain that he had paid 175000 in taxes that year, however I researched his salary and he made 22 million that year. Do the math, not even 10 %. Now, the question I have for you is who should pay more taxes, those who benefit the most from our society or those who benefit the least?

Answer 3

Well, the rich will always find a way to get out of paying-

Until the Fair Tax Act HR 25 and S 25
now before Congress

It is a national sales tax that EVERYBODY pays at the register
even the kid you pay $20 to mow your yard - to the 50 million
visitors to the US every year

When the rich buy their new luxury items - they will pay BIG

But what about the poor - (me) - all Americans who file
will get a PREBATE every month - for adults - this year is
calculated at $196 - to offset those taxes on the poverty level
of income - so a person making $9,800 - will literally pay NO
federal income tax
A family of 4 will get $525 per MONTH!

wait a minute, Tom - that's a lot of money
yes - figured to be about $495 billion - - - - - - -however
the US IRS is shelling out over $950 in deductions this year alone
so - we will SAVE over $450 BILLION (don't tell Congress)

AND instead of taking in 1.6 Trillion in taxes - the Fair Tax
will bring in over $2 trillion - fully funding our government,
Social Security, and Medicare

We'll cut out payroll, socsec/medicare deductions,
inheritance taxes, capital gains, savings taxes, gift taxes,
Alternative Minimum Tax, business taxes and more.

We will also need to repeal the 16th Ammendment which
taxes income (not salaries - that got lumped in later - we were
never supposed to pay income tax when we traded hours for dollars)

******History
20 years ago a group in Houston decided that our tax system
was broke and put up $2 million of their own money to ask
the brightest minds in graduate school to come up with an answer.

Keep the system the way it is
Flat Tax
Sales Tax
Value Added Tax (VAT in Europe)

Overwhelmingly, the response was a Sales Tax to be charged on new goods and services. (Used goods are not taxed). This has come to be called - the FAIR TAX.

I was a Flat Taxer until last year - when I realized that the FLAT was just the same system - different form - and already tried in the 80's when the IRS code was reduced to 3 tiers of taxation.

We take the 66,000 pages of Tax Code and reduce it to 136 pages - that can be explained on a 3 x 5 card.
We go from 80,000,000 taxpayers to 54 (states and territories). Taxes become VERY transparent.

It is already working in the 7th and 15th largest economies in the world - the States of Texas and Florida!

NOW******************what does it mean for a guy making 26k?

I would have 28% more in take home pay - to invest in a 401k
pay off credit cards - get a better car - buy the gas for that car!

Support the FAIR TAX ACT!

Answer 4

No, the rich should be taxed fairly.

Your line of "How much money a family had determined how much in taxes they would pay" is simplistic, at best.

At an even tax rate across the board, the rich would pay more taxes simply because they had more money. So, on top of that, we penalize them by making them pay a bigger percentage on the money they have more of.

Answer 5

No particular tax bracket should be singled out for a tax-rate increase or decrease. The best and fairest change in our tax code would be a flat-rate tax system where all taxpayers pay the same rate with only deductions for dependants. The time spent by Americans filing their taxes would be drastically reduced and the simple one page form would replace the convoluded system we currently have.
During the President Bush-run administration, EVERY taxpayer with dependant children recieved a 400 dollar tax rebate per child. Remember the checks we all got a couple of years ago???
You are correct to assume that those who benefit most pay the least. Low income taxpayers recieve many government grants and subsidies unavailable to the wealthy..


"Internal Revenue Service data for 1994 on the distribution of the tax burden make clear again that the vast bulk of the federal income tax burden is borne by the rich.

The top 1 percent of taxpayers, those with adjusted gross incomes (AGI) above $196,000, paid 29 percent of all income taxes.

The top 5 percent of taxpayers, with incomes above $91,000, bore almost half of the federal income tax burden.

By contrast, the bottom 50 percent of taxpayers, those with incomes below $22,000, paid less than 5 percent of all income taxes."

also:
"For the most part, bracket creep tends to shift the burden of taxation from higher- to lower-income families. Since the highest-income families are already in the highest tax bracket, they can not be pushed into a higher bracket by the effects of inflation alone. This of course is not true of middle- and lower-income families"


This data closely relates to the current tax burden as well.



Source(s):

National center for policy analysis report

Answer 6

Where are you getting your information? Tax brackets still exist, and people who make more money are still taxed at a higher percentage of their income than those who make less. The Bush tax cut reduced taxes for everyone across the board, but reduced them more for those who were paying a great deal more.

The real question is this: Why should any citizen be required to pay any more of a "citizenship fee" (tax) than any other citizen. Why should a successful person have to pay more for being successful? Everyone gets the same vote, after all.

Answer 7

I think the scale should be even. Why would you take revenue away from people that give you jobs? I'll never understand those that are jealous of the rich. I'm not rich by any means, but why this animosity against people who put so much into an economy in the way of employment so more people can realize the American dream?

Answer 8

I think that there should be a flat tax rate. I don't think people should be penalized for being successful. I don't see really how it would be fair for any class to have to pay a higher rate than any other. Someone making 250,000 per year will still pay more than the person making 25,000 but if the percentage is the same it is still fair.

Answer 9

The rich can and should pay more in tax than the poor. The United States has given much to them, and has the right to expect much in return. They can console themselves with the millions of dollars they still have left over.

Answer 10

Because the rich have so much more money, they can afford to hire lawyers and lobbyist to find loop holes in the tax system so they would not have to pay anything. The poor do not have that clout and option, so they wind up paying taxes more. I for one would like to see more rich people and corporations to pay more taxes because they are not doing the fighting for the U.S. like the majority of the poor people.

Answer 11

I think that the rich got rich through using the resources and labor in this world that belong to all of us. People don't usually get rich because they are better or even smarter. Some do and there are a few stories where people move into upper classes because of their own exceptional efforts. In general, people have little hope of doing that. Whole social classes get richer, perhaps, but people are generally rich because they have different access to educational, political, and material resources to begin with etc. So I do think that the rich should pay more taxes. Their wealth comes from all of our labors and all of our resources.