Two, corporations making money hand over fist should not be treated the same as people struggling to get by. Often, much of the affluents' incomes are based on paying their employees a rate which does not even meet the level of poverty.
Besides, after so many millions or billions of excess money, what else is there to do with it, anyway?
Think about this. The underpaid often qualify for welfare which means the employer in essence gets help providing a living for his employee from all the taxpayers. Instead of money grubbing employers paying employees a living wage, the difference is made up through welfare programs.
This is certainly not fair to those Americans earning at or below the national average. After all, most at or below this income level do not have deductions which may be used.
Plus, there is this. At $25,000, just under $4,000 (two months of income) is required in federal taxes. That is roughly 16 percent of the income which leaves $21,000 to live on.
Of course, out of that is another three months of income taken in other forms of taxes or, $6,000. Thus, the family only has $15,000 left to live on, an amount that allows for an existence, not living.
If people such as Bill Gates and the Walton family (Walmart) paid the same rate, 16 percent, they would only have billions left to get by on. I suppose these people could if they planted a garden and had a milk cow.
Actually, Gates and the Walmart family could pay out 90 percent and still not be able to spend all the money left. What I am saying is - it is totally and absolutely unfair to tax the incomes of any person earning less than the national per capita income.
Even without federal taxes now being taken even though against Article I, this person would still pay in other forms of taxes roughly 25 percent of his income. I think that is more than enough for average or below average wage earners.
Here are just a few suggestions. Forget about capitol gain tax breaks; 90 percent of the people in small towns don't have any to worry about.
Forget about deductions. The majority don't have enough to file the long form.
Forget about private school as a deduction. At least 90 percent in most communities can't afford to send their children to private schools.
Forget about college funds as tax deductions. If a person can't live on what is earned and qualifies for welfare (whether it is used or not), it is highly unlikely this person will be saving to send their kids to college.
Forget about modifying what there is in tax-deductible savings. Most are not using them properly nor can people on or just above minimum wage save in them; they need every dollar just to live and can't always make it payday to payday.
I wrote all that to say this. The most fair way to support the government is exactly the method laid out in Article 1. When applied properly, those that make more would buy more while those who make less would buy less. Thus, those that make more would effectively pay more in taxation while those that make less would effectively pay less.
I believe our Forefathers were extremely smart and designed a method of federal government support that would not cause a burden to any income level. Most important, though, is the fact they didn't allow for any organization such as the IRS.
I also think, Ladies and Gentlemen, that it is high time the methods of taxation in Article I, the only Constitutionally-based methods, be applied and the extortion by the IRS through the 16th Amendment be ceased.
I would hope you agree with me.