Americans are not overtaxed. The United States of America is around the 50th highest taxed country in the world. France, Belgium, and Italy are among the top three highest taxed countries. A global perspective shows that the American people are not, in fact, over taxed, and compared to other countries American taxation is actually very moderate. In addition to global comparisons, the progression of the American income tax is also compelling evidence that Americans are not overtaxed. During the mid-20th century, income tax rates were outlandish. The average American was paying around five percent more than they are now, and tax rates were not capped at the brackets they are now. Wealthy individuals could have even payed out more than 70 percent of their incomes.
Many financial conservatives believe that Americans are overtaxed, while many liberals believe a progressive tax rate is the key to an equal and successful nation. The issue of taxation has become an issue surrounded by partisan politics. I believe that all Americans must investigate the history of American tax rates and global tax rates before claiming that they are overtaxed.
[All information retrieved from bibliography on power point]
Crash Course on Taxation:
https://www.youtube.com/results?search_query=crash+course+taxation
No comments:
Post a Comment