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How do you define Fairness when it comes to taxes?
The Federal budget for 2011 is $3.8 trillion. The average revenue from Personal Income Tax is 45%. There are 300 million people in the US. The obligation of each person is therefore $5,700.
For a family of four it is $22,800. Other revenues include tariffs, fees, penalties, corp. income tax, payroll tax, estate tax, etc.
http://www.cbo.gov/ftpdocs/108xx/doc10871/Chapter4...
http://www.whitehouse.gov/omb/budget/Overview/
I feel that paying a percentage of income is unfair, because the amount payed per person is askew. The reality is; the federal government provides a product, it is unfair to charge one person more than another for the same product.
I don't make enough money to come up with $22,800 for my family. Our government needs to spend less to make it fair for all Americans.
For all you "Flat Tax" people; Why should someone pay more than somone else? It is the same product.
VAT is good, but ONLY if they remove Income Tax.
5 Answers
- Anonymous1 decade agoFavorite Answer
VAT is the only form of taxation fair to all.
- Anonymous1 decade ago
NOT this:
"Since 1980, median real household income has risen less than 15 percent. The only period of strong middle-class income growth during this time came in the mid- and late 1990s, which by coincidence was also the one time when taxes on the affluent were rising.
"For most of the last three decades, tax rates for the wealthy have been falling, while their pretax pay has been rising rapidly. Real incomes at the 99.99th percentile have jumped more than 300 percent since 1980. At the 99th percentile — about $300,000 today — real pay has roughly doubled."
http://www.nytimes.com/2010/03/24/business/24leonh...
Stats are from CBO and the Census.
- 1 decade ago
I see what your saying and i agree with you.. federal taxes should be the same in every state everywhere. The people sitting up in the white house are not thinking the way that you and I think...we are the little man...there thinking if we spend less and the little man pays more then thats more in my pocket...that is how they are thinking...we are out here working our butts off to make a dollar and they get to sit at a desk and do NOTHING but make new rules for the USA that many ppl dont like and make the big bucks...we should start a petition...called, Lower taxes...give back to the little man!
Source(s): sorry not much help just my thoughts :) - Anonymous1 decade ago
fairness is ALL people paying the exact same percentage of their income to taxes.
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