Taxing the 1%: Fairness

View image | gettyimages.com The top 1% in the United States currently pay about 1/3 of their income in taxes. As might be expected, people on the left have proposed increasing this tax rate.
Philosophy News image
View image | gettyimages.com The top 1% in the United States currently pay about 1/3 of their income in taxes. As might be expected, people on the left have proposed increasing this tax rate. Laying aside ideological hyperbole, the serious proposals aim at setting the tax rate for the upper level at 40% and there has been some serious discussion of setting it as high as 45%. While the current Democratic candidates for the 2016 Presidential race are willing to say they will raise taxes on the rich, the Republicans are consistently opposed to tax increases—most especially on the wealthy. Both parties are engaged in sensible politics in that they are saying what they think their base wants to hear. While the political value of each stance on taxing the rich is a matter worth considering, I will instead focus on an argument against increasing the taxes on the rich. One reasonable approach to arguing against (or for) any tax increase is an appeal to fairness. This sort of reasoning rests. . .

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News source: Talking Philosophy

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