- May 22, 2012
- Reaction score
- Uhland, Texas
- Political Leaning
I am so tired of this kind of a post that gives misleading information.
Yes, the rich earn 40% of the income and do pay 71% of the taxes, which does suggest they are paying "more than their fair share". Nonetheless, when you consider that the average American only makes $31,000 a year, if they were to pay a higher share of their income to match what the rich pay, they would not be able to survive. On the other side of the coin, if the rich pay just 2% more than they are paying now, all of our ills would be gone. More importantly, taking an additional 2% away from the rich would not cause them to even lose sleep (much less cause them any economic damage). On the other side of the coin, if the average American were to pay 2% more, they would not be able to feed their family or pay their necessary bills.
This is more about the health of the nation than it is about fairness. If there is no nation, how would those rich American make their money?
This is more about balance of the nation that it is about fairness.
Remember that the rich also have a lot more opportunities given to them. Better schools, better living conditions, better wages from the start etc.... As such, it is already unfair to the middle Americans as they do not have the chance to advance like the son of a rich man has.
So, if you are going to talk about fairness, lets start from the get go when you are born. Give the same opportunity to each and every child from the get go and then we can talk about fairness in paying "fair share in taxes". If a person gets the opportunity but does not take advantage of it, then he should pay his "fair share". As long as unfairness starts from the minute you are born, the rich cannot claim unfairness in paying taxes.
Really? Are you asserting a 2% increase in federal income tax revenue from the (naturally, undefined) “rich” would balance the federal “budget”?
Looking at the numbers, even a 2% increase in total annual federal revenue would not eliminate the federal “budget” deficit - that is why Biden wants a 33% increase in ‘corporate’ income tax rates (from a rate of 21% to a rate of 28% - yep, that’s a 33% increase not a 7% increase) just to help cover his new proposed federal spending.