Americans would prefer to raise the tax money we need by using the taxes that have the excess costs. Mainly, americans will be richer by having a progressive tax, rather than using taxes which destroy more economic activity for the same amount of earnings made. Overall, the facts show that there is eiificiency with progressive tax, but moving on to the equity portion, the progressive tax systems reduce tax burdens on people who can least afford to pay them, and these systems leave more money for the people with low-wage earnings, who are likely to spend all of their money and stimulate the economy. Progressive tax systems also have the ability to collect more taxes than flat taxes or regressive taxes, as tax rates increase as earnings climb. Also, progressive taxes allow the people with the greatest amount of resources to fund a greater portion of the services, that all people and businesses rely on, such as roads and first responders. The fairness in a taxation system requires that those with the greatest amount of money to pay, should pay more tax than those with a lesser capacity to
Americans would prefer to raise the tax money we need by using the taxes that have the excess costs. Mainly, americans will be richer by having a progressive tax, rather than using taxes which destroy more economic activity for the same amount of earnings made. Overall, the facts show that there is eiificiency with progressive tax, but moving on to the equity portion, the progressive tax systems reduce tax burdens on people who can least afford to pay them, and these systems leave more money for the people with low-wage earnings, who are likely to spend all of their money and stimulate the economy. Progressive tax systems also have the ability to collect more taxes than flat taxes or regressive taxes, as tax rates increase as earnings climb. Also, progressive taxes allow the people with the greatest amount of resources to fund a greater portion of the services, that all people and businesses rely on, such as roads and first responders. The fairness in a taxation system requires that those with the greatest amount of money to pay, should pay more tax than those with a lesser capacity to