Lower Economic Classes

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Throughout the past several decades, people have begun to question the rate at which the rich pay their taxes. People in lower economic classes will argue until they are blue in the face about how the upper class should take on more of the burden, and wealthier classes insist that the rates should be equal for all Americans. While some of the population is unnecessarily wealthy, upper class citizens earn higher salaries due to hard work and thousands of dollars worth of student loans. Wealthier citizens should not be charged with higher levels of taxes unless they earn over $1,000,000 annually in order to keep the American economy from veering towards socialism while still lowering the income gap between the middle class and the top 1% of Americans. …show more content…

However, this isn’t always true. People who have professions that earn a higher salary work twice as much or as diligently to earn the amount that they do. A friend of my father’s is an anesthesiologist, who earns close to $400,000, which places her in a higher economic class than most people. She works 80 hours a week on average, went through 8 years of school and 5 years of residency, and accrued close to $200,000 worth of student loans. With this amount of work and effort poured into a career, a higher salary is warranted, and would be discriminatory to force a higher tax level because of it. Raising the tax levels on higher earning individuals is not only inequitable for those who invest a higher level of ambition into their career, but also acts as a disincentive for others to put in the effort to acquire a higher paying …show more content…

The tax system should be organized in a way that allows the wealth to be redistributed evenly throughout the economic classes, which promotes the belief that the wealthy should be taxed at a higher percentage. Taxing at a higher percentage is fallacious, as it skews the income proportions being paid into taxes. If a person were to earn $40,000 annually, and pay 25% in taxes, they would be contributing $10,000 to the government, while someone earning $400,000 that was taxed at 25% would be contributing $100,000. These different incomes are taxed at the same proportion, which consequently changes the amount that have to pay in taxes based on their income, while still allowing them to have fair compensation for different levels of work done. Taxing incomes at the same percentage still promotes equality without removing

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