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Taxes Paid

In: Business and Management

Submitted By dejonmullen101
Words 492
Pages 2
Individual Project 2
Dejon Mullen
AIU Online

Taxes paid should be determined on the ratio of how much a person makes. In today's society working class people have less money than the rich have day to day troubles in various things because of this. From feeding children, to buying furniture for their low income homes, and some need to find a job that's if they don't already have one that their miserable at making minimum wage. While rich people have worked hard for their money, they should be a little more linnet and be fair and help the poor. The rich should pay more taxes because majority of the tax breaks go to the rich, average Americans are paying more than corporations, and the simple fact that these working class Americans contributed to their success which without them would probably be non-existent.
Rich people receive awesome benefits, but the taxes they pay are a joke. Some people believe the wealthy pay the most taxes but this is extra wrong. Working class Americans pay a higher percentage with state and local income combined. This is what has most Americans in the loop hole. When it comes down to taxes being considered, middle class and upper middle class pay 1% of taxes about the same amount as the wealthy.
Wealthy people do get most of the tax breaks. Wealthy merchants own about 80% of the stock market giving them billions of unearned income which is taxed at half of the rate of income that is earned. The rich work way less than the average Americans. This is something that everyone should know because it isn't fair to the lower working class. In an average Americans payroll every dollar they paid in taxes it's said that corporations now pay 16 cents. If this isn't a good enough to reason for the wealthy to pay taxes then the lower class will continue to be robbed.
While all the reasons the rich should pay more taxes is currency related, the fact is…...

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