An Open Letter to Life

#284 The Daily Post Response

Posted on: October 21, 2011

What is the best way to tax people? Countries around the world use different approaches. Which do you think is best? Or should their be no taxes at all? What does it mean for everyone to pay their fair share?

Well, I think that taxes are helpful in a way. I mean, I think that everyone should pay taxes, but I don’t think they should be as high as they are. It’s kind of ridiculous that they take almost 1/3 of your earnings. I think the percentage that they take from you should be around, 20 percent. Maybe less, because it will even out when it comes to people who make more than someone else. If you make 20,000 and you take 20 percent of that. Here’s why I think this is fair

Person

Average Earnings               Tax                  Amount That would be

taken out

$10,000                                   20%                           $2,000

$20,000                                   20%                          $4,000

$30,000                                   20%                          $6,000

$40,000                                   20%                          $8,000

$50,000                                   20%                          $10,000

$1,000,000                             20%                          $200,000

$25,000,000                          20%                          $5,000,000

$1,000,000,000                    20%                         $200,000,000

 

Average                           Tax Amount                      Actual Earned

1. $10,000                              $ 2,000                         $8,000

2. $20,000                             $4,000                         $16,000

3. $30,000                             $6,000                         $24,000

4. $40,000                             $8,000                         $32,000

5. $50,000                             $10,000                       $40,000

6. $1,000,000                       $200,000                   $800,000

7. $25,000,000                    $5,000,000               $20,000,000

8. $1,000,000,000              $ 200,000,000       $800,000,000

 

Now, for fun if you add all these types together, lets see how much the USA would make with 8 people of every financial group

Person                                                                                Amount

of taxes taken

1.  Regular in or out of HS

first time job                                                   +    $2,000

2.  Regular job worker

average middle class                                        +    $4,000

3.  A lucky middle

class family, in this economy                         +    $6,000

4,  A well educated family,

planned well, and has a career                      +   $8,000

5.  Borderline High Class                                  +    $10,000

6.  Super High Class                                             +    $200,000

7. Ridiculously over paid                               +    $5,000,000

8. Oprah Rich                                                         +    $200,000,000

_________________

Add That all together and you get              $205,230,000

Now, take that amount, and half it. You will have $102,615,000. Take one half and put it toward our debt, and take the other an add it to what we can spend as a country. Right now we are spending more than we are earning and it is time to take responsibility for what we have done. This is fair because it is taking the same percentage out on everyone whether you are just barely getting by or if you are Oprah rich 🙂

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