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Fredrick wrote a new post
Desdemona:
Father,
I feel very divided by this decision,
To be with you forever in education and in life;
Both those help me grow thanks to you,
But I do not know how to be loyal to you
I am your daughter, but -
Fredrick wrote a new post
Big corporations and the wealth should be taxed more. The top 1 percent pay less than 1.2% on federal taxes while the working which includes the middle and lower class pay up to 15% on taxes. It is estimated that
2 Comments-
Fred,
Thank you for this post. I found it very interesting to hear your thoughts about the tax inequality surrounding out nations rich, middle class, and lower class. I agree with you that we all as a younger generation need to pursue our representatives and authority leaders. I know as of right now they have started to change the taxation for the rich and middle class, but do you think there will be more changes to bring tax inequality to a reasonably percent
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Fredrick wrote a new post
Inequality between the rich and poor has grown wider ever since it started after world war II. The difference in the gap are supported by the two party groups in the government. Liberals favor helping the poor and
1 Comment-
Hey Fred! Thanks for sharing this, I’ve always though of how the system is so corrupt that only 1% of Americans hold the all the money in America. Inequality is seen everywhere, in work places, industries, offices and so forth but the most devastating of all the time is the economy inequality. While the middle class and working class are the one putting all the work, they are the one left on the marge. https://inequality.org/facts/income-inequality/ This link might help you get some resources.
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Fredrick wrote a new post
Most Americans say they are proud to pay their taxes. In an independent poll conducted last year for the I.R.S. Oversight Board, 96 percent of the respondents agreed with the statement ”It is every American’s
3 Comments-
Fred,
I found this to be a very interesting post. Thank you for sharing, tax inequality has been a issue for many years. with the imbalance of the rich paying less and the middle class having to pay more. There has been many discussion on whether that may change or not. I know with the knew presidential office in today has managed to reform that balance to make it become more of a equilibrium balance. Below I have left a link how president Trump plans to help change the tax polls and make it more of a balance. thank you for your post Fredrick.
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Fredrick wrote a new post
The rich 1% own up to 35% of the nation’s wealth while the 88% of the lower class holds 11% of the nation’s wealth. Because the rich made so much money and owned so much, they were able to afford to pay taxes, i
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Hey Fredrick,
I agree with your post, I believe that the wealthy should pay a majority of the taxes to help the less fortunate such as the lower class and most of the middle class. I like how you quote the article and state some statistic saying “the poorest 20 percent of Americans paid an average of 10.9 percent of their income in state and local taxes and the middle 20 percent of Americans paid 9.4 percent. The top 1 percent, meanwhile, pay only 5.4 percent of their income to state and local taxes.” This is an important statistic that I did not know about and really amazed me. In your discussion, you quote a lot from sources, I suggest that you talk about the problem and what it means to you instead of just quoting. I found an article that you may find interesting about the latest federal income tax (https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/). Anyways take care and good luck on your next writing.
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This is a very compelling argument that you make, Fredrick. The fact you inserted at the end of your post, about how the “U.S. Treasury is expected to run a 2017 deficit of $693 billion,” was a strong statistic to convince people about the importance of this issue. In general, I agree that the wealthy should need to contribute more in taxes than the lower and middle classes because they are able to do so while still maintaining a good standard of living. This post reminded me of the book “Aftershock” by Robert Reich, and the movie “Inequality for All” which is based off of Reich’s book. I look forward to hearing more about your ideas on taxes, and good luck with your research.
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Fredrick, this is a really important topic right now especially with the new changes of the Trump administration. The changes made are negatively going to impact nearly everybody in the middle class and below so that the top 1 percent can make more money. I agree with you that we need to start speaking to our representatives and take action to change our countries priorities to help the citizens as opposed to corporations. I am interested to see what else you write on the topic!
http://www.businessinsider.com/tax-brackets-2018-trump-tax-plan-chart-2017-12