The government of the United States of America collected $1.5 trillion dollars in taxes in 2013 and $3 trillion in 2014. Noticeably the amount collected in taxes in 2014 is double the amount the year before. This is the reason most dread the day taxes are due. Imagine dreading every time money was earned, taken away, or given to you because you are being taxed twice. For some this is their reality. These three situations require an additional tax added to their original tax, known as double taxation. This topic has been a highly popular conversation topic lately. Double taxation is negative because it involves taxation without representation, it doesn't give the population any area for growth, and it gives great power to the government. …show more content…
By this I mean that the government doesn't have a solid reason to be collecting the money citizens work for and use it to pay off America’s debts. Taxation is unreasonable because it taxes an individual person or a company when they make money, spend money, save money, and inherit money. In other words there is a tax when any U.S. citizen buys property or a meal, when they earn income on property, when they hold their money in a bank, and when someone in their family dies and their money and assets are distributed, just to name a few. The government uses money from each of these categories to fund certain organizations, pay off other countries, or tend to the needs of the U.S., such as new roads, new homes, and new working buildings. However, the government shouldn't need to tax a citizen twice to earn a necessary amount of money because that it is taking advantage of a U.S. citizen’s loyalty. Even though the U.S. is in debt trillions of dollars, they continue to spend money on causes that will gain the public’s popularity instead of saving to spend on a more efficient task. Ronald Reagan agreed to this statement when he said, “The problem is not that people are …show more content…
Then they wouldn't need to double tax citizens because they'd be closely watching how they spend their money. Additionally, double taxation doesn't allow the population any room to grow financially. If the government continues to collect our money at double the rate, there is no room for improvement or growth in the economy. Every time an asset grows financially bigger, the government takes a percentage of it away via taxation. For example, if an asset such as a shopping center gains income, then the government will take a bigger percentage of money from the owner than before it gained income. As a matter of fact, the government has a theory that wealth should be distributed via double taxation. For instance, the money that the government takes from already paying citizens could benefit people who need financial assistance. Some would say that hard-working citizens have worked to their highest potential to make a living for their own family with the money the government just took. Others would disagree and say that all Americans should support each other if
Many argue that Reagan “enacted irresponsible tax giveaways for the rich…[starving] the federal government of revenue [which] led to unprecedented deficits.” There is no doubt that “today’s budget deficits [can] impoverish our descendants.”1
America’s Tax System, Flat or Fair? “No taxation without representation!” A fair tax system was what the American colonists were looking for and one that many say we are still trying to achieve. Today, while we are all represented in government and are all required to pay taxes, some still perceive the system of taxation as unfair, allowing for specialized interests, loopholes, as well as more/less taxation based on income.
The tax policy in the United States is very confusing. When the tax policy was originally written in 1913 it was four hundred pages. Now, over the past ninety one years, that tax policy has evolved to over 72,000 pages. Since the tax code has become so lengthy and nearly impossible to understand, the topic of tax reform has been in the minds of many. Although, most barely think about tax reform until tax season. It is a controversial subject due to the impact a change in tax code would have on the American people. The two most popular and widely known stakeholders in this debate are the two major political parties in the United States, the Democrats and the Republicans. The two parties share absolutely no common ground on the subject of tax reform, other than thinking the other parties solution is wrong. The Democrats, in general, want to raise taxes on the wealthy, while Republicans, generally, want to cut taxes for everyone (Democratic Party) (GOP). Unfortunately, with the United States economy currently doing so poorly, the parties can no longer afford to remain at a standstill, some sort of compromise is going to have to be made. The implementation of a flat tax, and discarding the current tax system would be a compromise that both parties can agree on and will simplify the tax code, overall benefiting all Americans.
In the United States, there are many different types of taxes. Some of them are goods and services, income, and property taxes (debt.org). The two most common taxes are the Flat Tax and the Fair Tax. Basically, Flax Tax is one income tax rate that everyone has to pay. Fair Tax is a proposal amendment to tax laws that removes the federal and state income taxes and replace it with a federal retail sale tax (Investorwords.com). Our current tax income system that we use is called Progressive Tax which is the tax system that takes a larger percentage from those who earn a higher income than those who earn a lower income (Investopedia.com). Out of all those taxes, the best one that I believe that can replace our current tax system is the Flat Tax because research has shown that it can be very beneficial for our economy today.
...o charities and health centers. The government should look to possibly allow for taxpayers to decide what happens with their money. Again, if the country truly wants to cut the budget deficit, it starts with removing some of the middle class benefits for which the wealthy are already struggling to pay. To raise taxes on the rich will only stunt economic growth and cut jobs, which are two key components to having a prosperous country. Success and development within a nation strictly comes from the power and wealth of the economy and the integrity of earning and deserving what one puts in through hard work. The United States lives by the American Dream, and as long as this drives the majority of individuals, there is no logical reason to take more than what is necessary, especially from the ones who have taken advantage of the opportunity the best.
Introduction: In the year 1862 during the civil war congress implemented the first income tax in America. It was 3% per year. However, it was not until 1913 when the 16th Amendment to the Constitution was passed, which granted the government the ability to impose a tax on individuals’ income. Since then it has been an issue to determine how much people should be taxed. Tax rates in America change drastically; for example, in 1963 a person in the highest tax bracket would give 90.8% of their income to the government. In contrast, that same person would only pay 28.0% in 1988. The tax rate for income tax is an issue because for every dime that someone pays in taxes is one dime that they are not able to spend themselves. Additionally, people
One person may see that the increase taxation on the poor and the decrease taxes on the wealthy is not an issue because the wealthy pay a lot of taxes already. However, many people don’t realize the fact that, yes, the wealthy are paying a lot of taxes because they make more money, but they can afford to pay more. Recently, in a CNN article, more than forty millionaires want their taxes to increase, which proves the fact that the wealthy have plenty of money to give back to the community. In addition, their just going to keep getting wealthier and wealthier by the
The United States tax system is in complete disarray. Republicans and Democrats agree that the current tax code is complex, unfair, and costly. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms (Armey 1). The main reason the tax system is so complex is because of the special preferences such as deductions and tax credits. Complexity in the current tax system forces Americans to spend 5.4 billion hours complying with the tax code, which is more time than it takes to manufacture every car, truck and van produced in the United States (Armey 1). Time is not the only thing that is lost with the current tax system; Americans also lose great deal of money complying with the tax code. Resources that are currently wasted on record keeping, filing forms, learning the tax code, litigation, and tax avoidance. The cost of complying with the current tax code totals about $200 billion annually, or $700 for every man, woman, and child in America (Armey 1). The overwhelming consensus that the current tax system is inadequate has ignited the search for tax reform. There are numerous proposals for tax reform; one particular proposal brought forth by various conservatives is the idea of national flat rate income tax. The idea is to replace the current income tax with a single rate that everyone pays.
The current tax policy in the United States is very confusing and it is very costly for our government to administer it. It is in the best interest of our country and its citizens to revise or replace our current tax policy.
A flat tax is a system of taxation that taxes at a uniform rate, regardless of income level. In the United States we currently use a progressive tax system, which means that high-income earners pay taxes at a higher rate than low-income earners.
I believe that I pay too much tax. Before I took an economics' course I did not know where my money went every month. I realized that all the money I paid to the government was benefiting others and not me. The government spends too much money on social security programs. The social security program does not be...
In the articles I have read in They Say, I Say: The Moves That Matter in Academic Writing, both Cal Thomas and Brandon King seem to believe that the government should not tax the rich minority more than the poor majority. I disagree with both Cal and Brandon and believe that the rich should be taxed more than the poor. However, the income from the taxes should be put to use for the betterment of the poor majority of America. Do you think that the American government is out of control? Cal Thomas thinks so, as he bluntly asserts: The creation of a government that is out of control, and thus out of touch robs every citizen, preventing fulfillment of the original American dream.
Taxation has always been a major controversy. Just like any major corporation, the government is constantly looking to raise revenue. The easiest and fairest way to do this is by taxing the people. However, how the people will be taxed is always an issue.
The government use of taxes plays a crucial role in today’s economy as well as personal finances, it has and will continue to leave its mark on the world we live in.
Other feel as if lying is perfectly okay to do whenever and wherever. Moreover, In article 1 paragraph 10 it explains, “Not only is lying justified, it is a moral duty.” This displays that some people say that lying is a lifestyle and there is nothing wrong about it since everyone does it. Even if all people lie, it does not make it okay to do, since the majority of people try to avoid them. For evidence, in article 2 paragraph 1 it states, “Truthfulness in statements which cannot be avoided is the formal duty of an individual to everyone, however great may be the disadvantage.” This demonstrates how people do not put enough effort into avoiding the horrible habit of lying. Also, lies may help on the spot on any situation but will come back