Quote:
Originally Posted by ASTalumna06
I MIGHT be able to get on board with taxing the "rich" a slightly higher percentage IF the government actually held all Americans accountable and made everyone pay their taxes. However, I have a real problem increasing percentages for some people when nearly half the people in this country don't pay their taxes at all.
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This is an interesting website that explains that statistic which gets tossed around a lot.
http://www.cbpp.org/cms/index.cfm?fa=view&id=3505
From that web site:
Most of the people who pay neither federal income tax nor payroll taxes are low-income people who are elderly, unable to work due to a serious disability, or students, most of whom subsequently become taxpayers. (In years like the last few, this group also includes a significant number of people who have been unemployed the entire year and cannot find work.)
Quote:
Originally Posted by DGTess
I disagree ... I think EVERYONE should pay the same *percentage* - and that means the wealthy are going to be paying significantly more. What needs to happen is to cut out every loophole and most deductions. WHY should the government give you a tax break to buy a house or have kids? WHY give tax breaks for not farming, or for "being a good little boy" according to some politician's definition. (However, EVERY tax credit that was discussed during debates last year was retained in the tax code.)
I have spent most of my career in government. There are LOTS of places that can be cut, but leaders are promoted based on increasing their influence -- money and people. You don't get ahead by cutting your budget or doing more with less.
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I agree with you on the tax breaks for NOT farming. I do think that you need to provide deductions for kids and home mortgage interest. $250,000.00 for a single person is very different than $250,000.00 for a family of 4. If you eliminate kids, then are you eliminating spouses who are not working also? Why would you NOT use household income per capita and instead only count income per person who is working? That doesn't make sense to me. Additionally, a lot more people would not be able to afford a house if the mortgage interest deductions were eliminated. The housing market is plenty unstable already. We don't need to add to that problem at this point in its very slow recovery.
The real problem is that the very rich have all kinds of loopholes and the poor have none. Because of those loopholes, they typically pay a lower percentage than the middle class families do.
I agree with AOII Angel. The higher percentage doesn't affect the wealthy as it does those who make much less.
DGTess: Someone should benefit from something to which they don't contribute because we take care of each other as human beings. As noted above, most who do not contribute are a) Students who WILL contribute someday, b) the elderly, who DID contribute for many years and c) the disabled, who we should take care of because we are moral human beings, not "survival of the fittest" monsters.