Quote:
|
Originally Posted by willravel
Honestly? Either everyone should pay income taxes of some kind or no one should. Lower income people should pay lower taxes, of course, but they should still pay. OR. No one should pay any income tax, and sales tax should increase. Either way it's about everyone paying into a mutually beneficial system.
Again, sales tax is something everyone pays. It would seem fair that if everyone is going to be given access to a health care system, everyone should pay something.
|
IMO, sales taxes are akin to abortion restriction. The wealthy have the option to travel outside the jusrisdiction of both the tax, and the restriction. They can opt to make their big ticket purchases or obtain safe clinical abortion where the taxes are low, or where abortion is legally unrestricted.
The only way to collect taxes is on the record of receipt of income. We enjoyed deficit reduction by the end of 1999, that saw only an $18 billion annual treasury debt increase, that year....compared to an average of $412 billion per year, since the Cheney driven, $1.3 billion tax cut was passed by a republican controlled congress and executive branch.
In addtion, the wealthy cease to experience 7-3/4 percent FICA withholding on income above $100K, each year. The poor pay FICA withholding on every dime that they earn. The wealthy have access and influence over elected officials, access to the best legal defense and protections, hedge fund access, etc., etc......and the best tax attorneys and accoutants...and everyone else does not.
I cannot agree with you, Will. Not when half the country owns just 2-1/2 percent of all of the assets, and the top marginal rate on income above $400k per year has been reduced from 90 percent in 1960, to less than 40 percent, today. A progressive tax that is just a bit higher than the certainly reasonable income tax structure that was in place in 1999, would cause no hardship and it would help to lower the deficit. A 7-3/4 percent withholding from folks who make less than ten bucks an hour, is already quite enough, IMO.....