According to an ABC Poll, nearly six in 10 Americans say that the current tax system is unjust, with 58 percent saying that the middle class bears too much of the burden. Is it true? In Bush's recent round of cuts, people making $50,000 a year or under averaged only about $10 gained from the capital gains and investment tax cuts, according to a report (PDF) by the Center for Tax Justice. If you make over $10 million a year, though, you averaged about $500,000 in benefits from the cuts. You, of course, then immediately invested it in creating American jobs...right?
Previous Comments
- ID
- 105767
- Comment
No shocker. Plus, I feel that the single and childless middle class pays out the wazoo in taxes. I used to look at my check and wonder who is the sick person that thinks singles don't need money. I wonder if some singles decided to have a kid so they could enjoy a tax break.
- Author
- LatashaWillis
- Date
- 2006-04-18T10:45:08-06:00
- ID
- 105768
- Comment
Aren't singles just going to go out a create jobs with their extra money anyway? Let them eat their cake! Why have an income tax at all really? I like to have a real sense of where my money is going when i spend it, like paying to park at Baptist to pay for their parking garage (because they are obviously not making enough money already). Why not just raise sales taxes on luxury items, eliminate taxes on groceries, and incorporate taxes into purchases to reflect their true economic cost i.e. gas and genetically altered crops reflecting the enormous government subsidies those corporations receive, cigarettes paying for the medicare going to cigarette related illness, car tags paying for road work, etc. Measures such as these would ensure that people will only be taxed in proportion to what they feel they are able to spend and in a degree to the friviloty of the purchase. This also would prevent tax evasion by making rich people pay at the register. Of course then you would have to look at internet transactions and their responsibility to state tax coffers and other issues...but we could probably funnel the funding for the IRS into that. When i was 19 i wrote a 2 page manifesto on the need to abolish income tax and rely solely on sales tax. I took it to Northpark and only the Body Shop would let me put some on their counter.
- Author
- daniel johnson
- Date
- 2006-06-21T23:11:02-06:00
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