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Should Rich People Pay More Tax Essay

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Do you ever think of why should or shouldn’t the rich people pay more tax than others? Nowadays, people are arguing about the fairness of paying more tax. Statistics have proven that the rich have paid the majority of U.S. income taxes. A person making $100,000 will pay a higher percentage of his income in taxes than a person making $20,000 for instance. According to the Congressional Budget Office, “The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes.” On one hand, some experts think rich shouldn’t be taxed more because somehow the money was earned. Rich people worked hard to earn it, and their work should be valued. On the other hand, most people think that rich should pay more tax because they get more from the government. Is it ethical and rational to tax more on rich? Why must the rich pay more tax to help the poor? Although taxing more on rich seems unfair for the rich, it is necessary that rich people should pay more tax and the amount they pay are based on their incomes. First of all, the important reason that can be presented is that the rich people have utilized the public system more. As Elizabeth Warren said, "There is nobody in this country who got rich on his own. Nobody.” The success of Bill Gates depends not only on his effort, but also …show more content…

In Taiwan, the taxing standard is based on the annual revenue. Every person who gets slavery needs to pay 20% of the income for income tax. A millionaire who earns $10,000,000 a year need to pay $2,000,000 for the income tax while a blue-collar worker who earns $600,000 per year only needs to be taxed $120,000. This taxing standard is equal to both rich and poor people. Therefore, tax on rich more is necessary and it will make the country

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