Progressive liberals have it right on this: the richest Americans should pay their fair share of taxes.
Proponents of a fair tax suggest that an equitable tax system should be commensurate with a person's ability to pay and that people should be taxed on accumulated wealth rather than rely on income to provide tax revenue. Closing loopholes for wealthy individuals and corporations will prevent them from hiding their wealth, according to fair tax proponents.
The rich should pay their fair share. But what the progressive liberals forget is that ALL citizens should pay their fair share. According to the US Center on Budget and Policy Priorities, 46% of Americans do not pay any federal income tax because their income is too low or they can claim enough tax credits or deductions to eliminate their tax liability.
Federal taxes pay for defense, Social Security, Medicare and Medicaid, Education and Transportation. Is it "fair" for the top 10% of wage earners to pay for 70% of these services?
When nearly half of the country does not pay federal income tax, there is an inherent danger of people voting for a larger, bloated government that promises more entitlements for them and higher taxes for someone else. Citizens who actually pay federal income tax are more likely to hold Congress accountable for how that money is spent. When all citizens do not have a common vested interest in paying for our national defense, entitlement programs, education and transportation, we become a divided nation forcing hardworking, successful people to provide for the rest.
As a nation we should want to care for the weakest and most vulnerable members of our society who have fallen on difficult times through no fault of their own. However, there are far too many people living on entitlements who choose not to work, obtain higher education or establish a nurturing family unit to raise well-adjusted children. Current entitlement programs encourage laziness, drug and alcohol abuse and having multiple children out of wedlock. This generational lifestyle should not be subsidized by punishing the most productive members of society.
In order to have a fair tax, all citizens should pay the same tax rate and loopholes and deductions should be eliminated for both the wealthy and the poor: owning a home, having a child, investing in one's business or making charitable contributions should not decrease taxable income.
The fair tax system being pushed by liberals is a thinly disguised attempt to transfer wealth and there is nothing fair about that.
Proponents of a fair tax suggest that an equitable tax system should be commensurate with a person's ability to pay and that people should be taxed on accumulated wealth rather than rely on income to provide tax revenue. Closing loopholes for wealthy individuals and corporations will prevent them from hiding their wealth, according to fair tax proponents.
The rich should pay their fair share. But what the progressive liberals forget is that ALL citizens should pay their fair share. According to the US Center on Budget and Policy Priorities, 46% of Americans do not pay any federal income tax because their income is too low or they can claim enough tax credits or deductions to eliminate their tax liability.
Federal taxes pay for defense, Social Security, Medicare and Medicaid, Education and Transportation. Is it "fair" for the top 10% of wage earners to pay for 70% of these services?
When nearly half of the country does not pay federal income tax, there is an inherent danger of people voting for a larger, bloated government that promises more entitlements for them and higher taxes for someone else. Citizens who actually pay federal income tax are more likely to hold Congress accountable for how that money is spent. When all citizens do not have a common vested interest in paying for our national defense, entitlement programs, education and transportation, we become a divided nation forcing hardworking, successful people to provide for the rest.
As a nation we should want to care for the weakest and most vulnerable members of our society who have fallen on difficult times through no fault of their own. However, there are far too many people living on entitlements who choose not to work, obtain higher education or establish a nurturing family unit to raise well-adjusted children. Current entitlement programs encourage laziness, drug and alcohol abuse and having multiple children out of wedlock. This generational lifestyle should not be subsidized by punishing the most productive members of society.
In order to have a fair tax, all citizens should pay the same tax rate and loopholes and deductions should be eliminated for both the wealthy and the poor: owning a home, having a child, investing in one's business or making charitable contributions should not decrease taxable income.
The fair tax system being pushed by liberals is a thinly disguised attempt to transfer wealth and there is nothing fair about that.
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