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Anonymous
Anonymous asked in Politics & GovernmentOther - Politics & Government · 10 years ago

Regarding taxes, is the phrase "Pay Their Fair Share" accurate?

Just today, Harry Reid defended his surtax on millionaires by saying he is just trying to get them to "pay their fair share". Isn't this misleading and inaccurate? If everyone was to pay their fair share wouldn't we all pay the same amount? Shouldn't we call it what it is? It doesn't seem fair (excuse the pun) to call it that.

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  • ?
    Lv 7
    10 years ago
    Favorite Answer

    I can make a good case; the poor and middle classes pay all taxation. Increasing taxes on the rich will not increase federal revenue, nor will it harm the rich. The rich do pay more taxes with tax increases, they pay higher taxes in 3 ways.

    Employees work harder for less

    Customers pay more for less. Shareholders earn less on investments so they can't save for retirement.

    This hurts the poor and middle classes the most.

    Hauser's law in economics states: Since 1945, Despite wild fluctuations in the top marginal tax rate (up to 90%) the federal government took in approximately 19% of GDP. The rich, in a bad economy simply cut their employees pay and the government took in less. This makes perfect economic sense. When more people are looking for work, the employer can select those who are willing to work harder for less.

    So the question becomes How much do progressives want to harm the poor, in order to satisfy their envious delusions during their blind quixotic charge toward the windmill of fairness?

  • Sir C
    Lv 5
    10 years ago

    The only "fair share" possible is when there are no longer any deductions of any kind for anyone from the bottom to the very top and we all pay an equal percentage of our incomes.

    Then and only then will income tax be fair.

    Make a dollar pay a dime...make a million pay a 100,000 dollars would be a "fair share". No deductions!!! Granting deductions is what started "unfair sharing" within the tax law. It allowed special favors for those who had the money to donate to politicians who make our laws so those who gave got tax deductions that exceeded their donation. Get the picture?

  • 10 years ago

    When I call 911, I get put on hold because a "poor" person called before me to get an ambulance to take him to the ER after he got a cold.

    I have never needed to use free health care.

    I have never had to use Social Services, food stamps, welfare, section 8 housing.

    I have never had to call a free government funded transportation service for a ride to a doctor

    Yet I have to pay taxes for those services. The rich pay even more. The poor, who use these services regularly pay little or nothing, it tough times they should either pay more or give up some of those services to relieve evrybody else's burdon. This may seem cold, but if you are dependant on others to pay for stuff you need, yet own a car, tv, video games and other luxeries, then it is time to either work harder or sacrifice non essentials.

  • ?
    Lv 7
    10 years ago

    Great 1 Minute Video about Tax Revenues.

    Tax Rates have varied from 77% to 28% since 1969 BUT Tax revenue has remained constant at 18% of GDP.

    What does this mean to me? To me, it means, let's make a BIGGER PIE. If we had a Bigger Economic Pie, then we'd be making 18% in Tax Revenue of that Pie, rather than forcibly SHRINKING that pie and trying to get a Bigger Percentage.

    Makes sense to me...but I'm not a Politician or an Economist, so how could I possibly understand something this complex?

    lol.

    thanks for the question

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  • KMcG
    Lv 7
    10 years ago

    IT is merely lip service for people who do not understand the real issues. The real issue (imho) is not how much taxes we pay but the illegality of the Federal Reserve Bank system, income taxes and the bloated Federal Government. Wealth redistribution is not the answer to anything.

  • ?
    Lv 5
    10 years ago

    Fair share is a flat tax, everyone pays the same %

  • 10 years ago

    What he meant to say was that the rich should, "pay your fair share".

    Never mind who gets to define what 'fair' means.

    After they're done with the millionaires, they'll go after the thousandaires, and then the hundredaires. Eventually they'll get to you too.

    Government can never make you as rich as your neighbor. They can only make your neighbor as poor as you.

  • Anonymous
    10 years ago

    "their fair share" is an arbitrary number thought up on the spot based on whatever emotion the person is feeling at the time.

  • Anonymous
    10 years ago

    It certainly is. And it's been that way since 1862 when Congress passed the law making it so.

    And to say that everybody paying the same is fair is beyond my comprehension.

  • Anonymous
    10 years ago

    It is accurate only if you are the one who gets to decide what "fair" is.

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