- Jun 23, 2001
- 27,730
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Hear this often regarding taxes. Everyone has to pay their fair share, whether rich or poor. Everyone likes to gang up on the 'rich' and the HENRY's and claim they need to pay their fair share. But what does fair share mean?
Nearly half my income goes to just the taxes recorded on my W2, that doesn't count things like sales taxes and government administrative fees and the like. I have no children in public schools, so would paying my fair share include paying taxes for the public school system? I pay lots of money into the ponzi Social Security scam, money that I'll never see again. Money that would be far better served if I was allowed to invest the money myself, both for my own retirement and for the over all health of the economy. Does paying my fair share mean paying the retirement salaries of individuals who failed to save any money for retirement, who partied like a grasshopper through their youth and adult years?
My federal tax dollars go to support roads and highways in other states, states that I've never been to and never drive on, its fair that I pay to maintain their highways? What about supporting police, fire, and emergency services? My tax dollars support them, and yet, if you use them, often you'll still get billed thousands of dollars. By the fire department that watched your home burn to the ground. By the police that responded to a 911 call you placed.
The rich? They generate the overwhelming percentage of the income tax revenue in the US, and yet, I'd wager, they are also the least draining on public services. Some how, I don't think Bill Gates is going to retire on Social Security payments or send any of his 3 children to public schools. We have public officials, federal senators, with salaries well over 250K per year who earn millions in book deals and speaking engagements. These same individuals make news on a regular basis for tax dodging, Senator Kerry, Secretary Geither, to name a few. People scream and holler that everyone needs to pay their fair share.
So, I ask you, what is fair share? How do you classify it? Is it the same percentage for every tax payer, regardless of income? IE, I pay 50% of my income, John Kerry pays 50% of his, Bill Gates pays 50% of his, etc. Based on the level of use of public services? A individual's ability to pay? What is 'Fair Share'?
Nearly half my income goes to just the taxes recorded on my W2, that doesn't count things like sales taxes and government administrative fees and the like. I have no children in public schools, so would paying my fair share include paying taxes for the public school system? I pay lots of money into the ponzi Social Security scam, money that I'll never see again. Money that would be far better served if I was allowed to invest the money myself, both for my own retirement and for the over all health of the economy. Does paying my fair share mean paying the retirement salaries of individuals who failed to save any money for retirement, who partied like a grasshopper through their youth and adult years?
My federal tax dollars go to support roads and highways in other states, states that I've never been to and never drive on, its fair that I pay to maintain their highways? What about supporting police, fire, and emergency services? My tax dollars support them, and yet, if you use them, often you'll still get billed thousands of dollars. By the fire department that watched your home burn to the ground. By the police that responded to a 911 call you placed.
The rich? They generate the overwhelming percentage of the income tax revenue in the US, and yet, I'd wager, they are also the least draining on public services. Some how, I don't think Bill Gates is going to retire on Social Security payments or send any of his 3 children to public schools. We have public officials, federal senators, with salaries well over 250K per year who earn millions in book deals and speaking engagements. These same individuals make news on a regular basis for tax dodging, Senator Kerry, Secretary Geither, to name a few. People scream and holler that everyone needs to pay their fair share.
So, I ask you, what is fair share? How do you classify it? Is it the same percentage for every tax payer, regardless of income? IE, I pay 50% of my income, John Kerry pays 50% of his, Bill Gates pays 50% of his, etc. Based on the level of use of public services? A individual's ability to pay? What is 'Fair Share'?
