Letter: Tax fairness: Every citizen should pay at least 10 percent of his or her annual income
Every United States citizen pays at least 10 percent (a tithe) of his or her annual income (increase) to the U.S. Treasury as a basic share in the cost of such citizenship.
Jacquelyn Martin, Associated Press
If fairness is to be a primary factor in our tax code, common sense suggests that a good place to start might be the following: Every United States citizen pays at least 10 percent (a tithe) of his or her annual income (increase) to the U.S. Treasury as a basic share in the cost of such citizenship.
Some citizens making various degrees of increase more than an agreed-upon cost of living may be expected to pay various agreed-upon additional amounts. Children under the legal voting age would be exempt.
Some allowance might be made for the truly indigent. Churches would provide a safety net for their own members. Businesses and corporate organizations would be taxed on a separate agreed-upon scale. (States might be limited to 5 percent. Individual income tax and consumption [or sales] taxes may vary). We are still taxed both coming and going but at least it would be fair, and every citizen would have a real stake in our country, with an unquestioned right to vote on taxes.
Royce P. Flandro
Provo
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Minimum wage is $7.25/hour. For an individual who works 40 hours/week, 52 weeks/year, this is $15,080 per year.
Out of this $15,080, the employee already pays $851.76 per year in Social Security and Medicare taxes - leaving them with More..
Here's an idea: This is supposed to be an income tax, not a working tax. We should tax all income, regardless of source, the same.
We should start taxing investment income, which does nothing to grow the economy, at the same rates More..
Or...
Here's an idea, lets bring traditional America back!
What was the tax rate for top earners in the 50s? Lets bring those rates back!