Wednesday, February 10, 2016

What is a Fair Share?



It would delusional to think that anyone who reads this will be swayed in any way, shape or form.
However, it would be negligent of me not to mention some things that are just basic realities that are missed by far too many people.
Let’s take on one thing in particular and do some basic math.

Here are the current federal income tax rates for 2016. Let’s just use Single filers for this post.
 
Tax rate
Single filers
10%
Up to $9,225
15%
$9,226 to $37,450
25%
$37,451 to $90,750
28%
$90,751 to $189,300
33%
$189,301 to $411,500
35%
$411,501 to $413,200
39.6%
$413,201 or more

Now, I hear Democratic politicians, and their minions, talk about millionaires “paying their fair share.”
They mean to say that our government doesn’t have enough money so they need to raise taxes on the “rich” to pay for more things such as infrastructure, health care, education, etc.

The US took in a record amount of taxes in fiscal year 2015. 3.2 trillion dollars in taxes (http://www.cnsnews.com/news/article/terence-p-jeffrey/3248723000000-federal-taxes-set-record-fy-2015-21833-worker-feds-0) and still ran a deficit of over 400 billion dollars.

Note…a deficit means that more money has been spent than has been taken in. (To increase the total DEBT to over 19 trillion, which is 9 trillion more than when Obama took office.) So despite a record level of income taken in by this administration (for the third year in a row, I might add) they still outspent their “budget.”

This is treasonous, as Obama once said of George Bush, but that’s another issue.
So because there is a deficit and this administration REFUSES to cut spending levels, they need the rich to pay more…their “fair share.”

Well, let’s do the math now, shall we?

Let’s take a salary of $40,000 and its federal tax rate of 25%. (We will leave out the other taxes for now.)
That is $10,000 in federal taxes and at the end of the year a person might get some back. But we are sticking to basics here.

Now, let’s take a person who is making ten times that $40,000 or $400,000 and their 33% tax rate.
That is $132,000 in federal taxes. Again, they will get some back but we are sticking to basics.
So, the person making ten times more actually pays 8% more in a tax rate which makes them pay over 3 times as much in taxes as the person making $40,000 even makes.
Please tell me what is fair about that?

Please…I mean, really. What kind of greedy, lustful, envious person does someone have to be to take a look at that person making the higher salary and tell them, “You have to pay more?”

PLEASE TELL ME WHAT IS FAIR ABOUT THAT!

The FAIR share would have EVERYONE paying the SAME rate. That is called EQUALITY.

This is such a common-sense, simple concept that it baffles to me straight to the Twilight Zone when I see that probably 47% of our citizens…at least…can’t figure this out.

Ironically, most of the people who believe that the rich should pay more are most of the same people who consistently speak out about equal rights for all.

I believe everyone should have equal rights, and that goes for people who make ten times as much money as I do, and even 100 times as much money as I do.
It is disgusting to me to hear, read, and see people villainize people who are successful, or just make more money than them. Again, the irony should not be lost here. Those who think that call those better off than us “greedy” and that greed is one of the seven deadly sins. Well, those other terms I mentioned, lust and envy, are two of the other seven deadly sins too. I would suggest that those who believe the rich should pay more are also greedy on top of it meaning they are possibly guilty of THREE of the seven deadly sins.

Please. Please. Please. Make it safe for me to return from the Twilight Zone once again.

More about simplicity soon. For now, I’m done.

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