{"id":465,"date":"2012-07-25T11:25:27","date_gmt":"2012-07-25T18:25:27","guid":{"rendered":"http:\/\/allsolutionsnetwork.org\/blog\/?p=465"},"modified":"2012-07-25T15:06:23","modified_gmt":"2012-07-25T22:06:23","slug":"the-reality-of-taxation","status":"publish","type":"post","link":"https:\/\/allsolutionsnetwork.org\/blog\/the-reality-of-taxation\/","title":{"rendered":"The Reality of Taxation"},"content":{"rendered":"
THE REALITY OF TAXATION.<\/span><\/strong><\/div>\n
In this or any other heated political season,\u00a0“Make them pay\u00a0their fair share!” becomes a deafening roar… The throng is growing louder and louder…\u00a0but the premise lying at i’s core is a fallacy.\u00a0 It has nothing to do with sound governmental policy, it is class warfare that preys on misinformation and misunderstanding.\u00a0\u00a0Plain and simple.\u00a0 I believe one major key to getting past the ill-conceived rhetoric and misplaced venom, is understanding.<\/div>\n
<\/div>\n
First, we must all\u00a0understand that No One believes<\/em> <\/strong><\/span>that the rich should not<\/em> pay a higher tax rate than the poor or middle class.\u00a0 THEY SHOULD!<\/span><\/em><\/strong><\/div>\n
The real<\/strong> <\/em>issue,\u00a0is NOT<\/strong> should the “rich” pay more or be taxed at a higher rate… The issue is CAN and SHOULD they really be taxed more?<\/em><\/strong><\/span><\/div>\n
An intelliegent opinion requires a minmal understanding of current tax policy and the actual repercussions of the proposed\u00a0change in policy.<\/em><\/strong><\/span><\/div>\n
If one feels their taxes should go up…\u00a0the question becomes,<\/span> why?\u00a0<\/em> To what purpose?\u00a0\u00a0What societal benefit is to\u00a0be serviced?\u00a0 Is it\u00a0to punish them for having more?\u00a0 I would hope not.\u00a0Do we\u00a0believe it will actually help the country?<\/div>\n
<\/div>\n
If the goal is punishment, that constitutes little more than theft and obviously not a reasonble position.<\/div>\n
If it’s because it will\u00a0help the country climb out of the black\u00a0hole of debt our politicians have created,\u00a0I would be 100%\u00a0on board with that decision…<\/em> <\/span>BUT IT WON’T!\u00a0 Simple math proves this.<\/span><\/em><\/strong><\/div>\n
<\/em><\/strong><\/div>\n
Hear are a few little known FACTS.<\/span><\/strong><\/span><\/div>\n
1. The top 5%<\/span> of earners already pay over 50%<\/em><\/strong><\/span> of all<\/em> <\/strong><\/span>federal taxes.\u00a0 Most that yell “fair share” are not aware of this or\u00a0fact 2 or 3.<\/div>\n
2. The top 20%<\/span> of earners pay almost 70%<\/strong><\/em><\/span> of all<\/em> <\/strong><\/span>federal taxes.<\/div>\n
3. The BOTTOM 43%<\/span><\/em> pay ZERO taxes<\/em> <\/strong><\/span>and the bottom 50%<\/span> pay\u00a0almost<\/strong><\/em> ZERO<\/em> <\/strong><\/span>federal taxes.<\/div>\n
Based on the facts<\/em>… If one is truly concerned about the rich paying their “fair share<\/em><\/span>“, I don’t think a tax INCREASE would be\u00a0the conclusion or policy of most.\u00a0 It would be hard to make argument that they don’t already do so.<\/em><\/span><\/div>\n
<\/div>\n
TAXING THE RICH MORE\u00a0IS NOT<\/em> <\/span>THE SOLUTION… CONTROLLING SPENDING IS.<\/em><\/strong><\/span><\/div>\n
Even if we took it ALL<\/strong>… everything!… \u00a0<\/strong><\/span>It just wouldn’t wouldn’t help!\u00a0 <\/em><\/span>The solution is not higher taxes… it’s lower spending<\/em><\/strong><\/span>.\u00a0 It’s called math. SPENDING vs TAXES are so out of balance that If…<\/div>\n
<\/div>\n
The government imposed a 100%<\/em><\/strong> tax on people making over $250K<\/span><\/div>\n
AND<\/em> <\/strong><\/span>confiscated ALL last year\u2019s profits<\/strong> <\/em>of ALL Fortune 500 companies<\/span><\/div>\n
AND<\/em> <\/span>TOOK<\/span> ALL<\/em> assets<\/em> <\/strong>of the top 400 billionaires\u2026<\/span><\/div>\n
This massive confiscatory taxing policy\u00a0would still only fund our government for 8 months!<\/div>\n
And then<\/em> who would they tax?\u00a0 Who’s left?\u00a0 TAXES ARE NOT THE SOLUTION!<\/strong><\/em> <\/span><\/span><\/div>\n
<\/div>\n
SEE http:\/\/allsolutionsnetwork.org\/blog\/economics-how-much-do-you-owe-uncle-sam\/#more-82<\/a> The fact is that NO amount of tax increases on the “rich” can solve or even improve our nations deficit.<\/em>\u00a0 IT IS MATHEMATICAL IMPOSSIBILITY<\/em><\/strong>.<\/span> The only REALISTIC option we have is to get spending under control.\u00a0 PERIOD<\/em><\/strong><\/span>.<\/div>\n
<\/div>\n
Our politicians may be corrupt… but they are not stupid.\u00a0 Any politician that denies this simple fact, is simply lying and engaging in class warfare as a path to re-election and power.<\/strong><\/em><\/span><\/div>\n

Join the Forum discussion on this post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

THE REALITY OF TAXATION. In this or any other heated political season,\u00a0“Make them pay\u00a0their fair share!” becomes a deafening roar… The throng is growing louder and louder…\u00a0but the premise lying at i’s core is a fallacy.\u00a0 It has nothing to do with sound governmental policy, it is class warfare that preys on misinformation and misunderstanding.\u00a0\u00a0Plain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4,5],"tags":[],"class_list":["post-465","post","type-post","status-publish","format-standard","hentry","category-economics-101","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t