The Progressive Tax System

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In order for our nation to advance, help pay off our U.S. Debt, and provide services for the common people, we need an appropriate tax system that will be suitable for all of America based on individual economic class. A tax system that will accommodate all social classes which are the lower, middle, and high classes of America and in the process stabilize the economy, to better America’s future. Choosing the right tax system can have great impact on society’s progression, as a result to an effective tax system schools can be improved as well as country’s infrastructure, and even eliminate scarcity. “A major controversy that has persisted throughout history is taxation. Similar to any major corporation, the government is always looking for …show more content…

What it means is that the more income you have the bigger the tax percentage you are going to have to pay. Taxes are a percentage of the annual income you earn, so the higher the income, the higher the percentage you have to give the government as your taxes. In a progressive tax system, the percentage that has to be given to the government goes up according to the amount earned, the less money you earn in a tax year the less you have to give. For instance, if someone makes $12,000 a year, they can fall into a 15% tax bracket, as opposed to making $35,000 to where they can fall into a 27% tax bracket. As stated, this is the tax system America has fulfilled today with trial and error, they should have found out by now this does not work and is not suitable for today’s economy. Someone might make 10,000 this year but make 20,000 the next year and the progressive tax system discriminates by charging them much more for that one year of improved income which could have been a single incidence, and in return lose money because the year after the individual had went back to the previous low earning revenue. Despite that they continue to be penalized with the last tax bracket still being applied due to the jump of taxable income of that one high earning year still in

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