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the US takes in $1.947B in income taxes per year. there are 330,000,000 people. So, every man, woman, and child is on the hook for about $6,000 in taxes. How i
by MAGZine 9y ago
the US takes in $1.947B in income taxes per year. there are 330,000,000 people. So, every man, woman, and child is on the hook for about $6,000 in taxes.
How is it fair that a low-income family of four makes $40,000 combined and pays $24,000 in taxes (60% of their income), where a middle-class family of 4 earning 200,000 a year pays $24,000 in taxes (12% of their income), while wealthy family of 4 earning 2,000,000 a year only pays 1.2%.
Does that seem "fair" to you? I don't think it is. In my own view of society, there is a certain amount of wealth distribution where we admit that some people will be lucky and some people won't, and that in capitalism, we will ALWAYS have winners and losers. The winners shouldn't have to give up all of their worth (be able to reap the rewards of their savvy), but the losers shouldn't be abandoned by society, either.
There are plenty of arguments to make for and against "fair," and "unfair," taxation. Paying according to your means seems fair to me.
of course, one could reasonably make the argument that like many things in life, taxation isn't fair, and yes, you might need to only buy a BMW instead of a Rolls Royce so that someone can afford food.