0
People who pay more tax that most will naturally oppose higher taxes. It's not that they oppose paying taxes as a means to operate the government but they see waste in government and don't wish to contribute to this. Less wealthy people oppose sales taxes often times because they see this as a tax that they have to pay. We are almost at a point in the United States where half of the people do not pay any income taxes. This means that instead of everyone paying their fair share of the costs of government, half of the people pay nothing towards their fair share. Certain politicians have used this as a platform to stay in office by pandering to those who pay no taxes by promising more programs and such to benefit the ones who pay nothing. In the United States we have a progressive tax system which means that the higher your income, the higher percentage of your income that the government takes to support programs that don't benefit you. Is this fair. This is the debate.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the name of Taxes that have wealthy people pay a higher rate of tax than average or poor people are called?
It is called progressive taxes or regressive taxeswhen wealthy people pay a higher tax rate.
Do people in Puerto rico pay Federal Income taxes?
No.
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
In What Ways Are Taxes Unfair To The Middle Income Group Than The Low Income Group?
The middle income taxer pays for most of the programs and government offices. Lower tax brackets pay too, but at s lesser rate. The people who come out of the tax system the best are the wealthy. They only pay about 15% compared to the middle income earner who is paying 30-35% of their income.
Why might wealthy oppose income taxes and poor people oppose sale taxes?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Why might wealthy people oppose income taxes and poor people oppose taxes?
Each opposes the tax that would have the greatest effect on them.
Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
Why might wealthy people oppose income taxes and poor people opposed sale tax?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
What percentage of wage earners do not pay taxes in the US?
It is important to note that the 47% do not pay Federal Income tax. They still pay pay any applicable city or state income taxes! They still pay the 7.65% combined Social security and Medicare taxes! They still pay real estate taxes, directly or via their rent payments in all localities that have real-estate taxes, which is probably everywhere in the U.S.! They still pay sales taxes on their retail purchases, which is proportionally higher for lower income people than it is for higher income people, since they spend a higher percentage of their income at retail! If one ignores the charitable giving of the wealthy, then some of the 47% actually contribute more financially to society than some of the wealthy do!
Who pay income taxes?
the people
How did president Ronald reagans supply side economics work?
Taxes are reduced, so people have increased income to spend.
What is the name of Taxes that have wealthy people pay a higher rate of tax than average or poor people are called?
It is called progressive taxes or regressive taxeswhen wealthy people pay a higher tax rate.
What country that has no income taxes?
Many countries have people exempt from income taxes in some situations. But countries that collect no personal income taxes what so ever are Andorra, Monaco,and The United Arab Emirates.
Do people in Puerto Rico pay income taxes?
No.
What taxes are higher corporate or income taxes?
income taxes
Do English people pay income taxes like America?
oh yeah. Big taxes. (depends how much income, etc. but nevertheless!)
