But taxation isn't about poor people paying more or less then rich people.
It's about everyone paying a fair share.
If I buy a loaf of bread for $1 and you buy a loaf of bread for $1, why
should either of us pay a higher or lower tax, based entirely on how much
money we have in savings or net worth?
The same argument could be made concerning purchase price and how it hurts
low income families much harder then high income families. So why not charge
for everything based on yearly income?
If you make $20k a year, that loaf of bread will only cost you a nickle.
However if you make $500k a year, the same loaf will cost you $85. After
all, you can afford it and the poor person couldn't.
Marcus
> A brief note regarding Paris' and Ray's comments about sales taxes. People
> with low incomes are hit far harder by sales taxes than people in
> the middle
> or upper income brackets. Figure out the math. You buy a loaf of
> bread for a
> dollar, and have a 5% sales tax on it. That 5 cents hits you a lot more if
> you're poor than if you have a $100,000 a year salary. Income tax in this
> country is a regressive tax - the more you make theoretically the more you
> pay (although with the new tax cuts now that's arguable). Sales taxes work
> the opposite, they affect the rich far more than the poor. Why should we
> penalize some working Joe who makes $25,000 a year and supports a wife and
> kids on that small income. In contrast a couple making a combined
> income of
> $100,000 are far less hurt by the same sales tax.
>
> regards,
> larry
>
>
> --
> Larry C. Lyons
> ColdFusion/Web Developer
> EBStor.com
> 8870 Rixlew Lane, Suite 204
> Manassas, Virginia 20109-3795
> tel: (703) 393-7930
> fax: (703) 393-2659
> Web: http://www.pacel.com
> http://www.ebstor.com
> email: [EMAIL PROTECTED]
> Chaos, panic, and disorder - my work here is done.
> --
>
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