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Should rich people pay more taxes?
yes rich people should pay more taxes because the middle class pays taxes to support the poor people there for the rich should help pay
What are the general purposes of taxes?
Supposedly to allow the government to perform those tasks which it has taken on. Actually, it's a method to steal from the poor and give to the rich.
Is an Excise Tax a regressive tax or progressive tax?
Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on the cigarettes represents a larger percentage of the poor person's income than the rich person's income, hence a regressive tax model.
Who are required to pay taxes?
Everyone is required to pay taxes it's just that some people pay more depending on what the stupid government thinks is right. Rich people pay least taxes middle class pays average and poor/lower class pay a lot.
Why taxing the rich does not work?
This country does have a system which taxes the rich more than the poor. Such a system can NEVER be fair since it all depends on who you ask. Amazingly to me in our current system where a very significant portion of the population pays no income tax, this same group most likely believes that the "rich" should pay even more.Now that virtually half the population pays no income taxes, they represent a voting block which can impose higher and higher taxes on the half of the country that does pay taxes. The so-called "rich" in the upper income levels which represent a insignificant percentage of voters can be out-voted on rasing their taxes. The "poor" who pay no taxes do not care how high taxes become for the rich.Eventually however when the tax level achieves a level that the "rich" either really feel is unfair and removes the incentive to earn, the rich will decrease their consumption, fire employess from businesses, and move operations to a foreign country.Personally speaking as someone who in the current tax system is "rich," I have significantly reduced my taxable income by saving more for retirement, reducing my consumption, and simply deciding to reduce how much I work and earn. I feel angry that the government thinks that it is fair to impose higher and higher taxes on the income that I have earned through years and years of hard labor and education. Anyone could have done what I have done if they would have chosen to work and study as hard. The government is removing the incentive for people to work hard and make more money. Eventually (like now) this trend will come back to bite the government and the country.
Which type of tax falls more heavily on the rich than on the poor?
regressive tax. (:
What falls more heavily on the rich than on the poor?
Taxes tend to fall more heavily on the rich compared to the poor, as the wealthy are typically in higher tax brackets and have more financial resources subject to taxation. Additionally, economic downturns and fluctuations can impact the wealthy more significantly due to their larger investments and assets.
Why were taxes not fair?
Both poor and rich had the same taxes, and the poor were getting more poor.
Rich people need it poor people have it?
Rich people need it poor people have it
Why does Obama want to raise taxes on the rich?
To help the poor
Should rich people pay more taxes?
yes rich people should pay more taxes because the middle class pays taxes to support the poor people there for the rich should help pay
What is the difference between rich and poor people in colonial Delaware?
The answer is quiet simple if you think about it in the colonial times,there were slaves and taxes and jobs that needed to be payed or finished.the rich had enough money to pay for the taxes while the poor could not.the rich had slaves do the chores around the house,in the fields.The poor has to do everything all by themselves.The answer is quiet simple if you think about it in the colonial times,there were slaves and taxes and jobs that needed to be payed or finished.the rich had enough money to pay for the taxes while the poor could not.the rich had slaves do the chores around the house,in the fields.The poor has to do everything all by themselves.
What were the causes of the french revolutin?
The causes of the french revolution is because of the rich and poor. The rich (nobles and kings) do not have to pay taxes. The poor (farmers and peasants) have to pay heavy taxes when they make so little. They got angry and then attack.
What will John McCain do as president?
Whatever he can as long as its rightHe plans to lower ALL taxes for rich and poor. The Riches taxes will go down by a lot and the poor and middle class will go down a bit.
Does Barack Obama support taxes?
There is no such thing as "supports taxes" or "does not support taxes." Taxes are a fact of life, there is no way for Pres. Obama to not support taxes. President Obama supports a progressive tax, meaning rates are higher on the rich then the poor.
Why don't some rich people pay their taxes?
Some times the government think only the poor should pay taxes; it depends in different part of the world.
Does a noble woman in the medieval times have to pay taxes?
Her husband did. Women didn't have any rights or property rich or poor.
