Tuesday, February 12, 2013

Who pays taxes

Whose taxes will go up is still undecided. If the 3% of taxpayers who earn more than $250,000 ante up like the President wants that will bring in about $80 billion. Since there are 5.6 million in that group that comes to about $14,000 each. On the other hand if all those who pay no income tax were asked to contribute $110 per year that will also come to $80 billion. It might be worth considering to placing a special surtax of $100 on everyone just so everyone has some skin in the game. If a person pays zero income tax they really don’t care if taxes are increased and so polls might indicate that the majority of people do not oppose tax increases.

No comments:

Post a Comment