August 7, 2012 6:38am CST
One issue ion the ongoing tax code debate is taht the poor do not pay taxes... in fact in our income tax system, they get rebates. Is that fair to the rich? Well, if we are only considering income tax, you have a point, but the working poor pay a whole lot more in other taxes... 1. The poor tend to spend a higher percentage of their income (higher 'propencity to consume') on things like food, utilities, etc. With that they pay sales tax, all of those charges for utilites and phone service. 2. Poor folks tend to have a higher rate of smokers and for that they pay ever higher 'sin' taxes. 3. Payroll taxes including FICA and FUTA take another chunk out that is not returned in income tax. 4. As most are renters, they tend to pay for when the landlord's expenses rise, another 'hidden tax'. There are a lot more examples, but are you serious in saying the working poor do not pay a large amount of taxes?