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The Top 5% of TAX PAYERS pay 58% of all income taxes, Is this FAIR? |
The bottom 50%? They pay a paltry 3.97% of all income taxes. Are they paying their FAIR share? "FAIR" there is that word again. Liberals can not seem to talk for more than two minutes without the word fair popping up. Apparently Liberals really want everything to be fair. But their version of what is and is not fair seems to be a bit skewed to many people. Certainly fairness in taxation amounts to soaking the taxpayer depending on how much they earn. Liberals oppose all tax codes, which would truly be fair. Flat taxes, where everyone pays the same rate? Liberals do not like those. Consumption taxes, where again everyone is taxed in a balanced fashion? Liberals dislike that system as well. In fact, the only "fair" tax code to liberals appears to be one which punishes success, and takes way too much of Americans hard earned money and places it in the hands of government. Who Pays the Taxes; http://www.ntu.org/main/page.php?pageid=... Your question brings to mind the theory of Barstool Economics (I forget the author): Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20." Drinks for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33%savings). The seventh now pay $5 instead of $7 (28%savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man," but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" "That's true!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. yes it is totally fair Sounds fair to me. yes and no. They have the money and use the most government services in most cases, but if the 15 million illegals paid, that would benefit America even more. Fact of the matter is This country punishes success No, it's not fair. It's massively skewed to force people to participate on govt-mandated charity. "Liberals oppose all tax codes, which would truly be fair." -- you had it right the first time. They oppose mandatory taxes, but most also grant that taxes are a necessary evil. After that, it becomes which tax model works the best. And you generalizations from there forward are incorrect. Sure it is fair. Stereotyping people is the weakest and most illogical form of argument. |
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