The financially secure
Americans believe that poor people today have it easy. The United States tax
debate has the majority of the people insisting that the rich are being
persecuted by low-incomes and high taxes. Most of these people are very wealthy
and are entitled to their own opinions. The true tax facts are that low and
middle-income Americans are facing higher tax rates than the rich people. The
Institute on Taxation and Economic Policy states that 20% of the poorest
households pay on average more than twice the tax rate of the 1% of the richest
households. They argue that the tax is causing a large wealth gap between the
rich, middle and low class in the United States. Wiehe, the director of ITEM,
says that “The problem with our state tax systems is that we are asking far
more of those who can afford the least.” Many people who have a financially
secured life cannot relate to these trends and do not they have a world impact.
However, Standard & Poor released an article demonstrating that increasing
economic inequality can hurt the economic growth and reduce public revenue. The
report found that states that relied most on regressive levies as taxes are the
ones with a larger economic gap. Therefore, these state and local tax policies
are harming the country’s economy.
David Sirota, the author
of this article, is clearly outraged with this injustice. David uses good and
reliable resources. Although the author does not state which class he is in,
throughout the article you can clearly see that he is, in a way, fighting for
those who cannot fight for themselves; the lower class. His point of how unfair
the economy of the country is, is proven through his research and percentages
provided during his piece. This informative essay is interesting and shows one
of the reasons why the economy of the United States is slowing falling apart. Those
who have almost nothing are paying twice as much tax than those who have
everything. Sirota concludes that all states that rely on regressive levies as
taxes are harming their country and if something is not done now, the problem
is going to get worse and eventually affect not only their country but the world;
if it hasn’t started to affect the world already.
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