Originally posted by: PainTrain
I chose that quote because it's representative of what appears to be the basis of your stance on taxation.
You object to the consideration that some people feel the rich "aren't paying their fair share of taxes." That is generally based on the idea that the "rich" (as we have not-so-effectively defined the classification of) already pay a larger percentage of their income in proportion to that which non-rich individuals do. Hopefully I'm not too off base here, besides the exclusion of the non-income based taxes tangent.
What you fail to appreciate is that this administration has drastically increased government spending while simultaneously coughing up several ill-timed tax cuts that will only exacerbate this issue of taxation five to eight years down the road. That's where my concern lies. Taxes will be raised, they HAVE to be raised. Now it's simply a matter of which income bracket will shoulder the MAJORITY of the burden (note I have not used the term "all" here, nor have I ever, nor has anyone else for that matter.) As I see it, the wealthiest tax brackets have received the greatest benefit from the tax cuts and should therefore, logically, give more of it back when it comes times to pay the piper.
Now, what if that isn't enough? What if all income brackets coughing up a portion of their tax reductions back to the feds just doesn't cut it? The poor and middle class are already struggling in this economy, is anyone willing to bet the farm that our economy will be totally back on its feet in time for the tax crunch? Doubtful. The job market is on an upswing... in Bangladesh. Is that going to make it any easier for the poor and middle class to stomach the majority of the impending tax hikes?
Any way you look at it, the lower tax brackets have less discretionary income to compensate for the increased burden of taxation. Any increase in taxes is significantly more likely to eat into the expenses for necessities such as food shelter and utilities (living expense, if you will.) The upper tax bracket, on the other hand, faces no such peril. Alternatively, they face what I would call a write off; an inconvenience. "Fair share" lost it's relevance the moment that third tax cut hit the black. You know whom you have to thank for that.
edited for sh!tty grammer