Why is taxing the rich so difficult?

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  1. Jangaplanet profile image72
    Jangaplanetposted 7 years ago

    Why is taxing the rich so difficult?

  2. profile image0
    Phoebe Pikeposted 7 years ago

    Because they make the laws on WHO to tax, so often they will not want to increase their own taxes.

  3. Rochelle Frank profile image95
    Rochelle Frankposted 7 years ago

    In the US, the wealthiest 1% of pay 37% of the income tax , though they earn  just 19% of the income.
    The top 10%  pay 68% of the total. The bottom 50% earn 13% of the income and pay  3% of the taxes. So it doesn't seem that difficult.

  4. cjcarter profile image74
    cjcarterposted 7 years ago

    When you place heavier taxes on the upper class, it does not give people any incentive to work harder. Why would you want to work harder and make more money and end up paying more taxes? There needs to be a balance.

  5. profile image56
    GavainMposted 5 years ago

    Let's ask a different question: why do the rich have the obligation to bail us out when our politicians spend recklessly?

    Since the New Deal, politicians from both parties have used deficit spending to fund the programs that generate political support from their chosen constituencies.  Rather than spending based on the total annual tax revenues (or even projected revenues), our "leaders" in DC decide what they want to spend first and then look at how much we'll have to borrow to make it happen.  Of course, the realization of how much we must borrow does not slow down their spending plans.

    Because the "rich," from one perspective, "can afford to pay a little more," we expect them to serve as the coffer for us to draw from when we are out of ideas.  Rather than completely reform federal spending into a manageable and balanced approach, the politicians choose a minority of Americans that are easy to demonize with the rest of Americans ... the "rich" (of whom most politicians are members). 

    I understand that they are able to pay higher taxes, but the question we should be asking is this: even if the rich pay higher taxes, what will change with the way government spends our money?  I don't see the rich as having the obligation to bail out politicians who manage money poorly.  It's a convenient and romantic notion to suggest they should, but according to the Constitution, they shouldn't.  Every citizen should have dual representation under the law, and that includes the Federal Tax Code.  The "rich" already pay 80% of the federal taxes collected in a year.  By that standard, they are already paying more than their "fair share."  They don't have an obligation to pay more just because we want them to take our burden from us.

 
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