William Thien

Toward a More Fair Tax Code. Part II

Posted on: November 13, 2012

A discussion arose in a public place this weekend that the president re-elect intends to raise taxes on the wealthy because he has an ‘ideological belief’ that the wealthy should “pay their fair share.” It was said that if a middle income earner is paying at a tax rate of twenty-five percent, then someone who is very wealthy should pay at the same rate at the very least, instead of fifteen percent, or the current tax rate on investment income.

On the surface the statement does indeed seem fair and I admit it did seem so to me as well at first. But upon careful examination it is nothing more really than a flat tax whereby all income earners pay at the same rate with the middle income earners and the wealthy earners paying the same rate. A flat tax is really the fairest form of tax in a way. The problem with that belief is that to the very poor, such tax rates as paid by the middle classes and the wealthy can be extremely severe, as a tax rate of twenty-five percent (randomly chosen number to make a point) deals a greater blow to the tax payer in the lower income classes than it does to the middle or upper income earner. But in reality, in terms of a numerical value, it is fair. And what’s fair is fair, really, in a way, so to speak, as it is said. I’m not so sure I favor a flat tax, though. Let’s read on.

Furthermore, as I’ve inquired in other essays and observations, is it really fair to the wealthy that they pay more taxes simply because they earn more when in fact often they use fewer government services? Why should the wealthy or the middle classes have to “share” their wealth in the first place? Because others are not wealthy? The term “sharing” implies something voluntary. When it is written into the tax code, clearly it is not voluntary, whether it effects the wealthy, the middle classes, or the poor for that matter. And why should the middle classes have to share their wealth as well? Because others are not in the middle classes and are poor? That is not “fairness” to the middle classes. Yet, the middle classes are the beasts of tax burden in The United States.

I am concerned about the phrase “pay their fair share” when it is used in reference to taxes. More often than not, there is nothing fair about it.

Copyright © William Thien 2012

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2 Responses to "Toward a More Fair Tax Code. Part II"

I am going to approve this comment even though it is based on a number of incorrect assumptions.

“pay their fair share” in Obama parlance, means: “pay the same rate that hourly serfs like us do” ——- but, of course, prole WASP dreamers would rather project themselves into a class they don’t belong to than face reality and stand up for themselves, so they throw their votes away to candidates and party that makes sport of their delusions.

Clearly you are the “classist.” Who is to say whom belongs in what class, you? Certainly not.

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