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Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Taxes is theft plain and simple. The rich have money to spare and taxes doesn't affect them. If things were FAIR, then anyone making less than 100K a year and owning less than 2 million dollars of real estate, would have to pay ZERO TAXES. [/quote] So much of this post is insane... But mainly, no, taxes are absolutely not theft. Think of them as a membership fee for being part of a society.[/quote] By this logic, everyone should pay for membership. But that's not how our tax regime works. It penalizes the most productive and successful in order to benefit those who contribute the least productivity, for no apparent reason. It also distorts the economy and markets through ever-changing government efforts to apply social engineering through a system of tax-related incentives and disincentives, causing people and businesses to engage in behaviors they otherwise would eschew. A fair system would be a flat tax where everyone, regardless of income, pays the same rate. People with higher incomes pay more, lower incomes pay less, everybody pays and feels the same amount of relative pain. The inefficiencies inherent in our convoluted system of deductions, income brackets, credits, and exemptions could be instantly eliminated. [/quote] A flat percentage doesn't mean people would feel the same amount of "pain." Not even close. Someone living at or near poverty is going to feel a lot more pain at any percentage than someone making $500k, for instance. It also doesn't fully factor in that high income individuals are benefitting much more from the programs, services, and stability provided by government. But, perhaps the biggest issue is that many people that claim to want a flat tax rate don't really want a flat rate when you dig into it. They want the federal income tax to be flat, while keeping the other taxes in place that tend to be regressive- sales tax, payroll taxes, capital gains, etc.[/quote]
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