Charles_Main
AR15 Owner
We hear a lot about the Rich Not Paying their Fair Share. People toss out Links and Info showing the Rich Pay a huge Chunk of the Federal Tax Burden, and people toss out Links and Info showing that they escape most taxes and really don't pay much at all.
Well lets examine the area's where it is undeniable the Rich Pay more than everyone else.
First.
Sales Taxes. Most states, and Many Municipalities have Sales taxes. Most of these taxes Exempt unprepared foods and some basic necessities from them.
The Rich have and spend much more money than we do. The Eat out more, Buy more cars, more stuff, Way more. So they pay far more than people with less money do in sales taxes.
Property Taxes. Local Government gets most of it's money from Property taxes. Schools, Fire and Police departments. These are funded mostly by Property Taxes.
The Rich own bigger, More Valuable Homes, and often own Multiple Homes.
Therefore it is undeniable they pay far more in Property Taxes than the Poor do.
Capital Gains Taxes Capital Gains taxes are paid by all of us, anyone that is who has a retirement plan, or stocks. Or sells a second home. We all pay it. The Rich do more investing and Home selling so they pay more of it than the Poor. They also are more better positioned to make investments and realize Profits in the same year. (capital gains in less than a year are subject to a Higher Tax Rate than long term Capital Gains)
State Income TaxMost state Income taxes, If they have one. Are a straight % of Taxable Income. If everyone pays the exact same %, simple Math Shows you the Rich Pay more of the Total Revenue taken in from it.
Federal Income TaxThis is where things get a bit less simple. On Paper the Rich, If their Income is in the form of a salary, do indeed pay a higher % than the rest of us. The Left counters that the Rich are able to shelter their Money, and use more Deductions to get out of it. That is not entirely Untrue, However on of the biggest ways the Rich actually avoid Taxes is Charitable Contributions Deductions. Not exactly something I think we want to be getting rid of.
Mean while. 49% of all wage Earners actually pay 0 or less than 0(they got money back they didn't pay in) in Federal Income Taxes. So to Child Credits and the EIC Mainly. Mind you this is not including FICA and MC. Were talking Federal Withholding only.
So, Not even getting into the Debate over what our Tax Code should look like. All I want to know. Is how can anyone claim with a straight Face that the Rich do not pay their Fair share. looking at the Facts above?
Well lets examine the area's where it is undeniable the Rich Pay more than everyone else.
First.
Sales Taxes. Most states, and Many Municipalities have Sales taxes. Most of these taxes Exempt unprepared foods and some basic necessities from them.
The Rich have and spend much more money than we do. The Eat out more, Buy more cars, more stuff, Way more. So they pay far more than people with less money do in sales taxes.
Property Taxes. Local Government gets most of it's money from Property taxes. Schools, Fire and Police departments. These are funded mostly by Property Taxes.
The Rich own bigger, More Valuable Homes, and often own Multiple Homes.
Therefore it is undeniable they pay far more in Property Taxes than the Poor do.
Capital Gains Taxes Capital Gains taxes are paid by all of us, anyone that is who has a retirement plan, or stocks. Or sells a second home. We all pay it. The Rich do more investing and Home selling so they pay more of it than the Poor. They also are more better positioned to make investments and realize Profits in the same year. (capital gains in less than a year are subject to a Higher Tax Rate than long term Capital Gains)
State Income TaxMost state Income taxes, If they have one. Are a straight % of Taxable Income. If everyone pays the exact same %, simple Math Shows you the Rich Pay more of the Total Revenue taken in from it.
Federal Income TaxThis is where things get a bit less simple. On Paper the Rich, If their Income is in the form of a salary, do indeed pay a higher % than the rest of us. The Left counters that the Rich are able to shelter their Money, and use more Deductions to get out of it. That is not entirely Untrue, However on of the biggest ways the Rich actually avoid Taxes is Charitable Contributions Deductions. Not exactly something I think we want to be getting rid of.
Mean while. 49% of all wage Earners actually pay 0 or less than 0(they got money back they didn't pay in) in Federal Income Taxes. So to Child Credits and the EIC Mainly. Mind you this is not including FICA and MC. Were talking Federal Withholding only.
So, Not even getting into the Debate over what our Tax Code should look like. All I want to know. Is how can anyone claim with a straight Face that the Rich do not pay their Fair share. looking at the Facts above?
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