Thursday, March 29, 2018

Tax Blog

     I believe that a progressive tax is better for America based on the fact of the government. In order for our government to receive the money it needs to operate on a yearly basis it must tax the rich at a higher percentage than the lower class. 47% of the government's tax money comes from income taxes. Taxing a lower class person the same percentage as an upper class will yield less money in the long run for use by the government.

     The first article says that on a flat tax plan, "people expecting a tax advantage won't get it." This is bad. They speak of a homeowner getting a tax deduction for a mortgage, which is a good thing. If a middle class family must take out a mortgage to be first-time home buyers, that is an extra huge expense that most people of the same class won't have. If this couple spends an extra 10% of their income on that, that 10% less money that they have than anyone else.

     In the second article, the debate, I noticed that most people were in favor of a flat tax. Someone said that "Even though progressive taxation helps the Federal Government allocate more revenue the flat rate taxation system is fair, logical, and can be extremely effective." This statement sums up my point most closely. The flat tax would be fairer to the people than a progressive, but there is no way our government would pass this. The only way the government could survive while still using its outrageous spending budget is to tax us in another way, namely a much, much higher sales tax.

     A flat tax may be "more fair" to the people, but is the government really going to listen to the people when their budget isn't met? In my mind, the progressive tax is the best way for our government to get the money from us that they need to attempt to satisfy their insatiable spending habits.

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