Friday, November 23, 2012

Taxes Are For Those Who Pay Them.

       I recently had a discussion with a friend who claimed that the wealthy, or in other words, the two percent, were paying 75% of the taxes already and that it was unfair that they be expected to pay any more. It caught me a little off step until I realized that that same 2% of the population is earning about 85% of the income. Soooo, if you earn 85% of the wealth and only pay about 75% of the taxes, you're making others, most likely folks nearing poverty, to make up the difference.
       Now I've never met anyone who wanted to pay more taxes, unless it meant that they would be making a whole lot more money. Most people think they're paying more than their fair share in taxes now. And ya know what? Most people are. As many as 98% of the people are paying more than their fair share. It's the 2% that aren't lifting their part of the tax burden.
       Let's look at it this way, if you're making one million a year and you're paying 15%, that's $150,000, while someone making $40,000 would be paying $6,000. Except that the guy making $40,000 is most likely paying 25% or $10,000 The rich guy is paying 15 times as many dollars. But he's making 25 times as many dollars.
       What we need is for everyone to be paying the same percentage, in actual dollars, without special discounts for being rich. The only discounts should be given to the poor, who are making so little, they really can't afford to pay anything. Unless they give up some luxury like food.
       Then comes the argument about taxing Job Creators. If they get taxed more, they won't be willing to create more jobs. Two things; remember the taxes are on the net income, after all business expenses, like creating jobs, and secondly, if they don't create those jobs, some other energetic entrepreneur will. It's called supply and demand. It's called the marketplace. It's a market economy.
       Only a sore loser would cut off his nose to spite his face. It would be sour grapes.

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