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Essay On Taxes In America

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After eight years with Barack Obama as the President of United States, it is time to elect a new president. On November 8th Americans will cast their votes for either the Democratic candidate Hillary Clinton, a former Secretary of State and First Lady, or the Republican candidate Donald Trump, a former businessman and television producer. Although the Republican and Democrat party is known for not having a clear political platform or political profile during elections, Mrs. Clinton and Mr. Trump has some strong opinions on gun control, taxes and immigration. Americans are questioned on their views towards gun rights and gun control several times per year. Since 2009 opinions about gun control has been divided between Americans. Today there …show more content…

Most Americans are fairly acceptable with the amount of taxes they have to pay. After all, the government pays for things that most Americans are benefiting from and what they assumed would be free. Tax itself is not the problem for most Americans, the amount of tax people pay or do not pay is. When is comes to higher taxes on the wealthy, Mrs. Clinton strongly agrees and Mr. Trump strongly disagrees. Mrs. Clinton’s plan for America when it comes to taxes is a fair tax system. She wants to ensure the wealthiest do not pay a lower tax rate than average hardworking middle class families. On the other hand, Mr. Trump wants to reduce taxes on all social classes, but especially for middle class Americans. According to Mr. Trump’s website, he will change the current tax brackets from seven to three . Raising taxes on the wealthy does not necessarily hurt the American economy, but what can hurt the economy is tax avoidance. The wealthiest Americans have the resources to avoid paying taxes, and this can therefore be a problem for the economy in the long run. According to Tax Foundation, the tax plan made by Mr. Trump, people would receive a cut of $1,818, while Mrs. Clinton’s tax plan will increase the amount to $176 . If Mr. Trump becomes the president, Americans will be able to spend more money as they like and therefore the economy will grow. In spite of this, Americans will most likely see an increase in the consumer spending. Clearly, the gap between rich and poor in the U.S will increase

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Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did with George W. Bush got rid of taxes on the rich in his first term which contributed to the deficit of our economy. Higher taxes on the wealthy can finance more investments in buildings, roads power supplies and education, which is extremely important for growth and the economic expectations of the middle class. Even if we got rid of corporate welfare subsidies for big oil, big agriculture, and even if we cut back on our defense budget it wouldn’t be nearly enough. Higher taxes on the wealthy will also allow for lower taxes on the middle class which will potentially restore enough purchasing power to keep the economy

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The income tax would try to even the playing field, so the rich would have to pay higher taxes while the poor pay smaller taxes. Also, the income tax would serve as payment for the government so in turn they can pay for different areas of

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Many people are strongly debating whether or not the rich should pay higher taxes. I believe it should be that the rich do pay higher taxes. When times in the economy are rough, the government needs to look consider at how they could bring in more money. Charging the wealthy higher taxes could be a strategy the government could use., and the wealthy people are the ones who could afford it.

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