this article shows the annual index and ranking created by The Heritage Foundation. It talks about
The top marginal tax rate on individual income,
The top marginal tax rate on corporate income, and
The total tax burden as a percentage of GDP.
(AP) WASHINGTON - As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.
I liked this article because it shows how if everyone payed the same tax rate increase it would add up to a much larger amount then if we just put the higher tax on the 2 percent of the higher income indivuals. It also shows how much the "rich" pay into taxes and how little much of the mid class pay at all. It was very informational.
A timely article that talks starts out talking about the difference between tax avoidance and tax evasion. It also gets around to the difficulties involved in both of those options and then asks the question in the headline. Which then spins the article into a question about what IS the correct amount.
When will the government put in place a fair tax act. Why should people with less income pay more taxes and the ones who are making alot pay less taxes. A new plan needs to put in place and actually be "fair"
April 22, 2011: 4:24 PM ET NEW YORK (CNNMoney) -- Hey, rich folks! The American people are putting you on notice. They want you to pay higher taxes. Two new polls suggest there is broad support for raising taxes on households making more than $250,000 a year, and all in the name of deficit reduction.
Sorry, I didn't realize the comment was automatically added...I'm a little slow. This article discusses the percentage of Americans that agree the rich should be given the tax hike. It covers how lower income Americans would like the rich to cover the deficit.
This article talks about the legalization of marijuana and the gross annual income it can raise if legalized. If marijuana was taxed like cigarettes or alcohol, the annual income could be around 6 million dollars. This could be a key factor on getting the country out of debt and finding cures in diseases.
Starting in 2014, the IRS will enforce and collect the penalties of not caring healthcare coverage through the annual income tax filing. Basically the government is forcing you to pay for healthcare whether by your choice our theirs.