Thursday, April 11

It is time, '' Poor' taxes'

It is time, '' Poor' taxes'
| By Anthony Mirhaydari, MSN Money

The stroke on the nation's budget crisis is this: we need more people, workers and paying control. We need schaffen-the poor and jobs - to come to work.

The quality of work, driven by a healthy ambition, what makes America tick.

It is embedded deep into our national psyche an idea. Waves of pilgrims and immigrants cross sign not the oceans for welfare checks; They came for the opportunity to earn a better life through blood and work.

If the inner fire is extinguished, the economies are suffering. Innovation stands. Vitality is hidden. Expand budget deficits, and the masses to keep clamor for redistribution of the tax reform charade going in a modern context because tax revenues are dwindling, use spending exploded. Debt accumulates. Panic strikes. Other words, mixes the situation than a culture of leisure in Europe is faced with a bloated welfare system and "the rich enjoy one" mentality, disastrous effects.

The United States is on the same dangerous path. Busy advancement is replaced by inaction of foreign bondholders and financed a narrowing group of wealthy taxpayers. Also, few are feeling the sting of the Uncle Sam wasteful way. And too many are wages in the private sector with Government replace.

The only way out is to stop Coddling and "Control" the "poor". Here is what I think and why.

I games with the definitions here, attempting to enter two great points.

Anthony Mirhaydari

The first is that America on an unsustainable fiscal course. The problem of the debt/deficit is acute. Every day the national debt hits a new high. It stands nearly 16.8 trillion $ or more than $53.100 for every man, woman and child in this country.

Only the opposition party in Washington has set have the goal of balanced budget. And even then not the Republican House budget draft for 10 years to compensate for. Democrats in Congress and in the White House, don't think that this is a priority. The proposal by Senate Democrats never balanced and we ran a deficit amounting to 2.1% of GDP in the year 2023.

There are no easy solutions.

We need their social programs and reduce the cost of health care, of which none of the voters is popular. And we need the reality well, is that you do not is not to close deficit and taxes, government spending, if pay about half of the country's federal taxes.

Opinion polls, that to eliminate the only "solutions" such as foreign aid and to support raising taxes for rich Americans. That will solve the problem. The tax increases for the rich into the fiscal Cliff business are recorded in January in only about 68 billion $ per year draw. The current annual budget deficit is more than $1 trillion.

An analysis of the third way policy group found that even if we make the rich with any realistic tax increase, the national debt would still double over the next 30 years. Sorry folks, just don't work that mathematics.

In addition, the rich were the tax increases, greater share of the burden before January. According to the Congressional Budget Office paid in 2009 the upper 20% of households by income 94.1% of all income tax Verpflichtungen--65% 1979 compare you this with the declining share of the middle 20% (2.7% vs. 10.7%) and the lowest 20% (6.6% compared to 0%, due to increased tax credits).

These trends more than the differences in wages for this period. In other words, the tax code has become increasingly progressive and redistributive.

The fact is, that this is a Government by the people and for the people, but there may be fewer and fewer people funded him. The data suggest that a household in around $60,000 can bring in without having to pay any income tax. (It would have to pay more social security and Medicare taxes.)

By the numbers is a middle-class income. Income tax purposes it but too poor to pay.

The risk is that a tyranny of the majority will be tempted to tax even more wealth by top earners in response to the lousy economy, making everything worse for everyone.

To close the deficit, spending must be cut (see my last column "why do we need ' death panels '" for an idea). We need to expand the base, so that even low-income households have some skin in the game. We had a balanced distribution of the income tax burden as President Bill Clinton and the Republican congressional budget surpluses ran and the economy at the height of geschnellt-- despite the fact that income shares between rich and poor were unequal then than they are now.

If we would have rolled back about what the Bush tax cuts for those in the January-rather than just the who - would we bagged additional revenue more than $100 billion per year have. If we all would then be planned tax increases have admitted to meet, including higher property taxes, it would have already been in a total value of around 400 billion $ per year, or 40% of the current deficit.

Ideal if politicians can bring the economy back in gear and get back the 6 million full-time jobs, we have lost since 2007, will expand the taxable value of course, as more people to find better jobs earn more to climb out of poverty and pay more taxes. (We need are actually 11 million new jobs for those responsible also for the increase of the population.)

But stop the relentless and ultimately losing focus on the rich, who would be "their fair share of numbers" a good first step-make, because it will only further damage business confidence, reduced investment and setting, and reduces the incentives for entrepreneurs to take risks. When that happens, we all suffer.

0 коммент.:

Post a Comment

Site Search