I'll ask again: What constitutes a fair share of income to be taken out in taxes? Give me a number.
"Taxes that fall more on the working poor and middle class" "Lower wage earners pay a disproportionate share of payroll taxes" These statements infest every left leaning discussion about tax rates, and they're effective only if one doesn't put much thought into them. But they're actually irrelevant. Yes, if a worker making $10,000 dollars a year pays $1,000 dollars in payroll taxes, that represents 10 percent of their income, but only 1 percent to someone who makes $100,000. Does that make it unfair? If so, then we should lower the price of food, gas, and housing for lower wage earners, because their percentage of income that goes to those expenses are going to be higher as well. Does a lower wage earner receive less value for the payroll taxes he pays, versus a higher wage earner? That would be the question to determine if the system was biased or not.
Last edited by Lager; 02-21-2012 at 12:29 PM. Reason: spelling
It's funny, Virginians get angry every year at the personal property tax, a substantial sales tax paid each year on the declining value of their automobiles, boats, and travel trailers. But they don't see that the property tax is essentially the same thing. Perhaps that is because they perceive that they get value back from the real estate tax, in schools and roads.
There needs to be a tax system which permits a person to fly under the radar if he so chooses. A person should theoretically be able to live in his house, eat from his farm, and fish in his pond only paying taxes if he engages in commerce.
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