¶ … rich should pay more taxes than others requires a certain amount of thought and clarity on some of the words used in the argument. Firstly, what exactly does the word "rich" mean? The idea of being rich has obvious connotations such as having great amounts of money and many valuable possessions, but is that really what is meant in this argument ? The purpose of this essay is to describe and highlight the subjective nature of this argument and how there is not a correct answer.
Richness is a subjective term that can have a varying of meaning depending on where one lives and where they are perhaps travelling. If richness is based upon currency, it is not difficult...
Richness is obviously temporary when viewing it in this way.
The word "should" suggests that the argument is of a moral tone and that a certain judgment is sought after when posing this thought. Once again the idea of subjective understanding plays a larger role in understanding the smaller elements of the argument, the words, and determining the best avenue of approach and returning an appropriate response.
The word "tax" is another vague term that can be applied in numerous circumstances. Taxes come in all shapes and forms. The IRS has volumes upon volumes of tax rules and regulations that appear to have no real definite purpose other than to confuse those who choose to participate in the system.
Local taxes differ greatly in tone and shape than federal taxes and different purposes can make it reasonable that rich people should not have to pay…
Thus, the per capita tax revenue is presented in Table 5. Table 5: Ratio: Per Capital Tax Revenue ($Million) New York Activities 2010 2009 Tax Revenue $58,039 $55,804 Total Population 19,378,102 19,378,102 Ratio: Per Capital Tax Revenue $2,995: 1 $2,880: 1 Pennsylvania Tax Revenue $28,300 $27,600 Total Population 12,702,379 12,702,379 Ratio: Per Capital Tax Revenue $2,228:1 $2,173:1 The findings from table 5 reveal that both states record increase in per capital tax revenue at the end of the fiscal years 2009 to 2010. In the New York, the government realizes ratio of $2,880 per
Taxes An evaluation of two types of taxes: Sales vs. income Sales taxes are invariably regressive taxes. Poorer people use a larger percentage of their taxes for consumption-related expenses, so they pay proportionately more of their income in sales taxes. For the wealthy, more of their spending is concentrated in savings and investments, since they can save a larger proportion of their income and still meet basic expenses. Of course, given that
With regard to the salaried people the federal tax system has improvised a method to flush the surplus spending funds in advance by the mandatory provision of requiring employers to withhold tax from payments in advance which on remitting will be computed as part of the total tax liability of the employee. This method of advance collection is an important feature said to be the pillar of the tax
Sugary sodas contain corn syrup, but the American Agricultural Department subsidizes American farmers for growing corn, and this is one of the reasons that high-fructose corn syrup is so ubiquitous in the food supply. We are taxing corn syrup and subsidizing it at the same time, in other words. "The bigger issue, which the industry neither can nor particularly cares to rebut, is that the product [corn syrup] exists
Rich Should Be Taxed More In every free market economy, there is a particular tax system which is implemented and has to be followed by the citizens of the country but every tax system comes with its advantages and disadvantages. The taxes that are implemented may be in the form of direct taxes such as the earnings of an individual, inheritance and other such incomes, while the indirect tax is levied
S. domestic law, a U.S. citizen or resident (Non U.S. person) who is a beneficiary of a foreign retirement plan would be subjected to the existing U.S. income taxation on all of the income that is accrued in their foreign investment plans even though their income is never currently distributed per se to the beneficiary. This should be the case unless the foreign retirement plan accounts as the employee's trust