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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
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∙ 11y ago
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Should only rich people pay taxes?
no everyone shou8ld ...........................................................****
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.
Why do some people say real estate taxes are taxes on middle class people?
Middle class people buy their own houses, and own them, and pay taxes on them. Poor people rent houses or apartments. (There's a lot of overlap and gray area between these categories!) Rich people have their homes attached to various trusts and sometimes charities, and these are often taxed at a lower rate, or the taxes are paid as a business expense. So the wealthy people often don't pay their own taxes; they have somebody else to manage the business of minimizing their taxes.
Who pay most taxes rich or poor?
I'm afraid that you may not get the answer that you want with this question. The top 5% of earners in the United States pay over 95% of the taxes. The U.S. has a progressive tax rate system meaning that the more income you earn the higher your tax rate on your earnings will be and therefore, the more taxes you will pay. It all depends on what you call poor people but basically poor people pay no taxes in the United States as far as income tax goes. Our system is set up to redistribute wealth which means we tax higher earners and distribute the money to the lower income earners in the form of money and services.
What does Barack Obama think about income taxes?
the rich people should pay more taxes.
Should only rich people pay taxes?
no everyone shou8ld ...........................................................****
What were the beliefs of the populist party?
Rich people should pay a higher percentage of your income taxes APEX !!!
Why should people visit Dubai?
because Dubai don't have taxes and its rich
Do working seniors over 65 have to pay FICA?
A seniors paying taxes should not have to pay while the rich get richer and pay fewer taxes. The rich individuals should pay more taxes because they could afford it.
What did the populists party argue for?
They wanted the rich / upper class man to pay more taxes.
Rich people need it poor people have it?
Rich people need it poor people have it
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.
Who was the inventor of taxes?
fat people rich people rsu wrote this
What did populist believe?
Populists believed that government should be there to protect the common worker, farmer, and poor people from the rich and big businesses. The Populist Party was also know as the People's Party.
Why were taxes not fair?
Both poor and rich had the same taxes, and the poor were getting more poor.
Is mitt romney going to make poor people pay more on their taxes and the rich pay less if he gets electied for president?
YES!
