Should the European Union raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
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As answered before, which I am going to copy and paste, because I've already typed this all, I am also going to add some things, which will be in between two 'apostrophes', and things I cut out will be in quotation marks within another set of "quotation marks", and parts I replace with other words will be in between two /slashes/, because I am even going as far as to quote my own work, because it has an original source, so, "Yes, because the richer you are, the higher 'the' tax costs you can pay for, and so if richer people were to pay MORE taxes, then… Read more
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Yes, and make it so they can only apply to have their taxes lowered if their overall net worth falters. Even then, as they make up a greater percentage of the country’s wealth than the regular citizen, they are responsible for paying back a greater percentage of the country’s wealth than the regular citizen. This wealth is to fund programs designed to help the poor have the ability to rise to the middle class.
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1) Eliminate citizen income tax, and restructure corporate earnings tax to a lower linear incrementing tax.(i.e. Set a bottom threshold of $10M annual gross profit at 2%, $50M at 3%, $100 at 4%... and cap at $100B at %15). With no loopholes, and assessed to any company that does business in the US, regardless of where the corporate HQ are and where products/services are generated, to avoid "Off shore" parent company strategy.
2) Simplify, but increase property tax for all entitles, civilian, local business, and corporations. This tax would also scale linearly.
3) Eliminate local and state sales tax and institute a national Value Added Tax dispersed between local, state, and federal proportionally
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No, Raise taxes on items of opulence. Different tax rates based on how much you make don't make sense, either charge a flat dollar amount per person, or increase sales tax on items progressively as they go up in "luxury" status. (ie. A basic phone/car/etc should not be taxed much, if at all, but a high end one should have a high end tax)
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