Why Do Americans Have To Pay Low Taxes

Improved Essays
Americans always want to pay low taxes, especially the rich who make millions or even billions and complain about how it 's hurting their businesses. However in reality taxes on the rich are among the lowest they have ever been. America has seen a steady tax decline on wealthy Americans since the Reagan administration while wages for the middle class have barely increased after adjusting for inflation. All while the rich claim that decreased taxes on the rich will lead to a better economy but when one looks back, the economy was doing the best when America had high tax rates on the rich and they paid their fair share. As a result, it brought in more revenue and increased government spending on the country 's infrastructure creating more jobs. Using this tax money America should also strengthen its education system and make college affordable for the younger generations, it should also make sure Social Security entitlements are well funded. All of this can be achieved by increasing taxes on the rich and closing the loopholes they take benefits of. But this will not be achieved until the average American, who makes a fraction of what these millionaires and billionaires make, takes action and calls out politicians who represent them and …show more content…
These politicians make much more than the average Americans and when they need money for their reelection campaigns they’ll turn to their rich friends and help them win reelection. And their rich friends will call in those favors when it comes a time to vote on a new tax bill that will increase a taxes on them. All while the average has no clue how much disadvantage he has just because he lacks money. The approval rating for congress is the lowest it has ever been. And it is up to us, the regular Americans to take action and ask questions and demand results that help Americans who don 't make millions or billions of dollars and not the wealthy

Related Documents

  • Improved Essays

    We the people, the poor and the middle class have no major say or influence when it comes to campaigns and public officials. We only matter to them during election days to persuade us to for them. They claim to be for the good of the citizens, and that they will protect us from lobbyist and…

    • 540 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Many candidates promised economic prosperity and delivered on that promise, but the omission of the fact that this prosperity would only be possible if the billionaire class was placated and provided for. Politicians who desperately sought reelection were and are seduced by corporate lobby money that makes them beholden to the interests of corporate America before anything else, including their constituency. It seems that barring a significant reorganization of our political system; politicians will be courted and seduced by corporate cronies who seek to manipulate our system of governance for their own special gains and theirs alone. The American people take a backseat while huge conglomerates rake in more money than is necessary for any one person to have. All the while, the average American laborer who earns his keep everyday…

    • 991 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Raising the taxes on the wealthy would be a great option. The goal is not to tax them to the point of taking it all away, but making it fair, especially in times of struggle. Bob Herbert 2010, a New York Times columnist states that,” America does not have the common sense to raise taxes” (qtd. in King 614). I couldn’t agree more with his statement, as it seems like everyone is intimidated to raise taxes on the wealthy, or makes up excuses why we cannot do so. According to writer Dana Golden 2009, “the more wealth the rich accumulate, the more they will spend it, thereby stimulating the economy” (qtd. in King 614). Golden’s claim that the more wealth the rich have, the more they will spend it, rests upon the questionable assumption that they…

    • 716 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Or should the government reduce high taxes on the wealthy so they independently aid the middle and lower class? These questions have been debated by both the Republican and Democratic party over the years. For the Republican Party increasing corporate tax rates is a troublesome situation. With high taxes the companies investing in America don’t stand a chance to those other companies investing overseas. High taxes push companies to move abroad and make business elsewhere. This results in the loss of jobs and other financial investments. In reducing taxes Republicans believe that the economy will grow and prosper. In a Republicans stand point, those who have worked hard and succeed in investing shouldn’t be punished. Democrats, contrastively “believe the wealthiest Americans and largest corporations must pay their fair share of taxes.” Democrats are against those companies who walk out on America and don’t pay taxes, they believe that everyone should pay their fair share instead of hiding business abroad. Their goal is to create a transparent economy, away from terrorism and corruption. They argue that Donald Trump’s tax cuts on the wealthy will be at the expense of those in…

    • 1221 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    The majority of American citizens are seeing their share of the pie shrink more and more, while a tiny portion of the populace is gaining funds and influence in leaps and bounds. Is it fair that less than 1% of the total population controls so much of the wealth and are given special considerations when it comes to tax laws? This can be debated back and forth until our faces turn blue. The real question is why are they given these favorable circumstances? Why should they be seen as better than the rest of us? Paul Krugman suggests, “…aside from shouts of ‘class warfare!’ whenever such questions are raised, the usual answer is that the super-elite are ‘job creators’- that is, that they make a special contribution to the economy” (para 8). Krugman,…

    • 1236 Words
    • 5 Pages
    Great Essays
  • Great Essays

    In modern America, not only are the rich privileged by benefiting from how America’s tax system works, but the poor are also being oppressed by it. The 2015 edition of Who Pays: A Distributional Analysis of the Tax Systems…

    • 1230 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    “In the past decade the wealthiest percentile has seen its income grow by 17 percent.” (Myers) So let’s do the math. The 1 percent of the population that already controls 40 percent of the wealth continues to get richer but the poor is still being asked to pay more in taxes. While this is happening the mighty 1 percent continues to receive tax breaks to protect their fortunes. The UTA population needs to be informed about this. See, the game is rigged from the beginning. The American Dream is simply the title of a fictional movie that details what is possible if only people work hard. It seems that if individuals are not born into a family that already has money, win the lottery, or find a loop whole yourself, you are destined to be working to help provide the comforts of others. For generations, Americans who aren’t rich have been generous and admiring of their wealthy compatriots they want a country where people who work hard can succeed, where the same rules apply to everyone. They expect to have their own shot at getting rich. But increasingly, they are seeing that the game is…

    • 1360 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Wealth Inequality Essay

    • 567 Words
    • 3 Pages

    In 1976 , the wealthiest one percent of Americans owned 19% of all the private material wealth in the US Today, they own over 40% of all wealth. Their share now exceeds the wealth owned by the bottom 92% of the US population combined. (Edward N. Wolff, Top Heavy: A Study of Increasing Inequality in America Twentieth Century Fund: 1995). From 1976 till the present , the power of the wealthy has increased greatly meaning their power has increased as well. When a certain group constantly gains power they will abuse it and this can be seen with the unfair wealth distribution in this country. Although each person has the right to make as much money as possible, in the United States the government should however keep the income rise proportioned by taxing the wealthy more and the poor less. In recent years the opposite happened where the taxes on the wealthy were cut from a top rate of 68% in 1980s to 28.5% by 1988. The share of federal tax revenue paid by corporations has dropped from 33 cents of every dollar collected in 1953 to less than 10 cents today. (Donald Barlett and James Steele: America: Who Really Pays the Taxes? Andrews and McMeel:…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    First, people feel the outrageous, unnecessary and negative things about taxes are that when you go to work and get paid they take most of your paycheck to pay taxes. Taxes take a lot of money away when you need it the most. Also, people feel that the wealthy don’t pay their fair share of taxes. As well as the taxes taken out are not always spent wisely, “Americans see the revenues blown on one government boondoggle after another, from subsidized green trench firms to more than $800 billion in stimulus spending that most Americans say they…

    • 478 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Why do the people of the United States have to pay taxes? Taxes have been a part of history since the start of the first civilizations. There are many different aspects of having to pay taxes, some negative and some positive, and there are some pretty neat facts too! Many people think taxes are outrageous, unnecessary, and torturous, while loads of people consider them to be used for personal protection and benefits to society.…

    • 488 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Earlier you alluded to Supply-side economics-or now commonly called, “Trickle-Down”. It is worth noting that George H.W. Bush while debating Reagan in the 1980 primary referred to it as “voodoo economics.” I think he was right. In the 1950s and 1960s, when the economy was booming and we had the largest middle-class in US history, the wealthiest Americans paid a top income tax rate over 90%. Today, the richest 1% pay an effective federal income tax rate of around 24%. Lower taxes on the wealthily has not lead to the promise of robust growth—but for the record, I’m not one of those “soak the rich” advocates. After all, I’m near the top 10% and would consider myself in the economically, “thriving” category. Moreover, I can understand the idea of correlation, does not always mean causation and with all things related to the economy, there are just too many variables to ever effectively do a controlled…

    • 424 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Many patriots such as myself are unhappy with the current British government. Taxes are high, and we still have no representation. Everything seems like it’s unfair right now, and for many, that’s enough reason to go to war. But for those willing to wait, don’t jump the gun yet, and changes will come.…

    • 305 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Although taxes have been in existence for around 5,000 years, many educated people are still left wondering who should have to pay what. (“Taxes”) The main idea that leaves large quantities of people divided is progressive taxation. Progressive taxation is the concept that the wealthy people of a nation should be responsible for paying their taxes at higher rates. While George F. Will expresses his negative thoughts about progressive taxation, George Lakoff and Bruce Budner are strong advocates behind this philosophy of progressive taxation. Despite the contrast in their opinions, their articles clearly demonstrate that they believe that their ideas will be best for both the wealthy and the economy of the United States as a whole.…

    • 740 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Should The Rich Be Taxed

    • 1416 Words
    • 6 Pages

    With America’s economy struggling, many citizens believe that the rich should be taxed more to help fix the economy. This issue has caused a division between those who believe the rich should be taxed more and those who do not. For example, when voting for presidents, this problem is a major factor of who gets voted into office. The reason that the rich can be taxed without the rest of the country being taxed is, America’s income tax system is set up by using a graduated tax bracket. This means that the more money a person makes, the higher the percentage of money they have to pay. The rich should not be taxed more because they already pay the highest percentage of their money to taxes, the government does not spend money wisely, and the rich…

    • 1416 Words
    • 6 Pages
    Improved Essays
  • Superior Essays

    Some believe the rich should pay more in taxes in addition to others are complaining about how easy the rich have it. The chances are that the author who makes such a statement is highly likely to be uneducated or simply frustrated. However, some make valid points, and they have reasons for their opinion. A well-known politician, Paul Ryan, wrote about this issue and stated, “We 're all dependent on the government services that we too easily take for granted. The wealthiest Americans receive the greatest benefits, but they insult the rest of us by treating their tax responsibility like a game.” Again, the wealthy people that he is describing are the people who have either inherited the money, or so called “fake suits”, or are people who have made their money by climbing the corporate ladder of large corporations that have deceived average citizens to become so broad. We look at one’s reasoning, such as Paul Ryan’s, and think that it is easy to see why we should make the rich pay more. We could easily believe that they are playing games with us and we are simply a pawn in their enormous corporate scandal. However, one must ask one’s self, “What about the rich who earned their way of living? What about the ones who pay their taxes right, and they run a good business? What about those who their business is their life, and they may have money, but do they have anything else? What sacrifices have they made to put them in the situations that they are…

    • 1472 Words
    • 6 Pages
    Superior Essays