The bigger your income, the bigger your tax and your life insurance.
The bigger your house, the bigger your tax and your house insurance.
Size matters. What’s unfair about that?
This is where the democRATS and regressive income taxes get you. The democrats mantra about raising taxes on the rich is disingenuios at the very least. The rich are rich and will stay rich. Income taxes are a tax on the acquisition of wealth. Since you earn more then you should pay more goes the Marxist theory. The reality is that the truly wealthy do not pay income taxes. For one reason and one reason only. The rich do not have EARNED income. The income tax is applied to earned income. The rich have capital gains taxes which are substantially less than the income tax rates.
Since it is not earned income, but capital gains on an investment, then the profits of that gain are taxed as capital gains. There is nothing in the tax code that says that profits from capital gains cannot be used to pay daily living expenses. Thus, the very wealthy typically have little or no earned income.
Skip the argument about punishing achievers and all of that tripe. It's meaningless. The point of regressive income taxes is to keep the unwashed filth that is you and I, is (1)To keep us working and paying taxes. (2) To keep us from acquiring real wealth and infiltrating those places where the wealthy like to inhabit. Do you think for a minute that the rich democRATs want us moving into West Palm Beach, the Hamptons, Martha's Vinyard? Not on you life. Do you think that Ted Kennnedy wants you or I living next to him in Hyannis? Or Diane Feinstein or Barbera Boxer or Barbera Streisand or Nancy Pelosi, wants you or I living next to them? Not in a millioin years do these people want us even within 10 miles of them and their estates.
Yes, but would it be fair to charge all homeowners whose houses were over 2500 square feet a higher rate per square foot? That's the analogy to how income taxes are now. "Flat tax" doesn't mean everybody pays the same amount, it's just to make everyone pay at the same rate, so someone earning and spending twice as much would pay twice the tax bill.
The IRS says that approximately 16% of all wage earners NEVER file taxes. They simply do not pay income taxes.
Illegals do not pay income tax. Criminals do not pay income tax. The nonworking wealthy do not pay income tax.
Under the Fair Tax, everyone pays taxes. It is still proportionate because obviously people who make more spend more, thus paying more than those who spend less.
Read the book.
You should also pay more for a Quarter Pounder than me, because you can afford it.
You should pay more to see a movie, too.
You should pay a higher percentage of your income than me for your electricity and gas bills. After all, you can afford it. Not the same price per unit, nonono... and not the same percentage of your income, either... can't even have that... but a higher percentage of your overall income.
Seems fair, doesn't it? You have more money than me and a larger house, so it's okay, right? I'll pay 2% of my income for home heating and power, and you pay 4% of your income. Under your rules, that should be hunky-dory, right?
I mean, sure we can talk about equal treatment under the law, but I'm glad you recognize the notion that some are more equal than others. That's a great plan to follow! It always works out in the end.
Now, let's see, you'll agree to 4% of your total income for home heating and power, 4% for health insurance, 40% for federal taxes, 9% for state taxes, 2% for local taxes, 35% for your mortgage, and 8% for food and clothing. That's only 102% total.
I'll pay 2% for heat and power, 2% for health insurance, 10% for federal taxes, 3% for state, 1% for local, 20% for my house, 5% for food and clothing... totalling only 43%.
Yep, seems fair to me, and obviously to you, too... after all, you got more, so you should be punished, errrr, I mean taxed, more.