Progressive taxes are designed so that those who can afford it (and are more fortunate) pay more to fund running the government let's look at some so if the bottom 20% paid 20% of federal income taxes received, they would have paid about $254 billion, or about 1/2 their income in federal income. Measuring tax paid against share of income earned and wealth owned reveals the us tax system has become less progressive - and in britain it is a similar picture. Tax cuts have become a hot button issue as the united states congress debates who should receive them the resident takes to the streets of new york city to. Should wealthy australians pay more tax, or at least pay their 'fair share' of tax how much tax should each person pay geoffrey cousins, the former howard government adviser and colleague of late billionaire kerry packer, believes wealthy australians will need to pay their 'fair share' of taxes if.
Public sentiment around the world is turning on bankers for wreaking havoc with the economy there are increasing calls to raise taxes for the rich lori 'the resident' harfenist asks people in new york how they think taxation should be distributed. While many may agree that those who have more should pay more, they get stuck on the fact that the rich are being forced by the government to pay we may need taxes to pay for some government services we expect, but when it comes to wealth redistribution and programs helping the less. Rich people should pay more tax than lower class families like us taxes are based on income right if rich people earn more than a million per month then they should absolutely pay more however, i know that some big guys with big corporations sometimes fake it in their tax return and. How does someone pay negative taxes the cbo's formula offsets whatever taxes are paid with refundable tax credits some of these are due to fair or not, i will let you be the judge people who make more should pay more, generally speaking in america, they are yes, the rich (and almost.
Rich people should be paying a lot more in taxes so says one of the richest americans out there dane in fort lauderdale writes: yes, the rich should pay more taxes they've had these tax cuts for a long time now, and it obviously hasn't done any good for the economy. Michael edwards edwards 1 professor kathy hansler english 101_spring 2012 feb 28, 2012 essay 2: should the rich pay more tax do you believe that the rich should pay more taxes just because they have more money i guess it depends if you're rich or not.
Bill gates said sunday that ultra-wealthy people like him should be paying significantly higher taxes i need to pay higher taxes bill gates i've paid more taxes, over $10 billion, than anyone else, but the government should require the people in my position to pay significantly higher taxes. But his argument that very rich people are taxed too leniently is right let's first denude one or two straw men punitive tax rates may deter enterprise and thereby reduce the overall tax revenues that pay for public services no one in the current political debate would argue for a return to the 83 per. Thus a rich person should pay proportionally much more than a poor person indeed there is a good case for suggesting that many in the lower paid sector should be removed from paying income tax altogether - at least for the first $15k to $20k. The rich should pay more taxes because there are less billionaires in the world compare to working class people, so to compensate for their lack in numbers, the rich should pay more since an equal society seems to be very desirable to most people, by making the rich pay more taxes. Submitted by azizonomics should the rich pay more taxes it's a multi-dimensional question the right says no — that the rich already create more jobs and wealth, because they spend more money, and why (supposedly) should they pay more tax when they already pay far higher figures.
Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering i think richer people shouldn't have to pay more taxes if they want to, though maybe they could arrange something with the government. Question: should rich people pay more taxes than poor people taxes are money that people and business must pay in order to support the government the government uses the money for building roads, helping schools, and maintaining other public services. Many rich people are smart with their money instead of wasting and spending money on depreciating assets, they invest their money into things that can appreciate like stocks and real estate in some cases they pay no taxes and they shouldn't pay any let me show you three ways the rich pay less. Cons: why the rich should not pay more tax governments already waste much of the money that they collect if taxes are increased, all that will happen is that the government will just have more money to waste and there will be no incentive for them to spend efficiently raising taxes acts as a.
This article first appeared on robertreichorg when barack obama was president, congressional republicans were deficit hawks they opposed almost everything obama wanted to do by arguing it would increase the federal budget deficit. In the article should rich people pay more taxes by debateorg it states, everyone should pay the same percentage of taxes as the next person if someone make one million a year, they should pay 15% of taxes just like the person who makes $15,000 a year should pay 15% this portrays the idea. Yes rich people should pay more taxes because the middle class pays taxes to support the poor people there for the rich should help pay.
To achieve this, reich called for lowering taxes on working americans and raising taxes on the rich he argued that middle-income americans are more likely to spend additional dollars while the rich are more likely to save and invest. Work, or more from good luck and (v) if raising tax rates on people like david will cause them to not work so hard, or if it just means they will not be as so, the tpc event made clear that yes, the rich should pay higher taxes but it also highlighted where the challenges to achieving fundamental tax. In a recently released paper (pdf) should the rich be taxed more: the fiscal inequality coefficient, the economists john hatgioannides of city university in specifically, significantly increasing taxes on the rich they point out that as the rich receive more of the pie, the share of the taxes they pay has.
Wealthy americans will recoil at the suggestion, likely responding with the tired mantra that the top earners pay most of the income tax but two points can be made in response to that: (1) federal income tax is only a small part of the burden on the middle class. Recent attempts to tax athletes drew sharp reaction from the athletes with the group threatening to boycott the 2016 olympics kabiru's remarks are also expected to draw a sharp opposition from the targeted group but the official said he was prepared to deal with them. We should tax the rich more even through a flat tax, under which the rich pay the same tax rate as lower earners, the wealthy will still end up paying more in absolute terms since they have a higher amount of income to tax.