Those that will not pay their fair share in taxes are not good for their country / by kevin murray

There aren't a lot of people or corporations that are eager or delighted to pay their hard earned money via taxes; yet, in consideration that governments, need taxes in order to perform necessary and structural governmental functions for the benefit of the people, such taxes need then be paid.  Further to the point, the more that taxes are straightforward and compulsory, without options, loopholes, and avoidances, the more that the public and corporations will hold accountable those that are our representatives in government, so that the budgets so proposed and subsequently enacted, are budgets that consist of needful things for those members that make up the republic.

 

Obviously, based on the fact that America in the 21st century, has consistently run massive national deficits, of which, there does not currently appear to be a pathway for America, becoming fiscally sound anytime soon, it can only be reasonably concluded that, first, those that are supposed to pay their fair share of taxes are not doing so; and secondly, those creating governmental budgets for the expenditures of monies that are not scheduled to be collected in harmony with such a budget, are not being fiscally responsible.  After all, when governmental expenses consistently run higher than the revenues that are being collected, this then is not a sustainable model for a given country, for as deficits and thereby debts grow ever larger, these are inimical to the fiscal soundness of that country.

 

According to the thebalance.com it is anticipated that income taxes will contribute about 50% of taxes so collected by the national government in fiscal year 2021, in comparison to corporate taxes that are estimated to represent just 7%.  To place such a great burden upon the laborers of the corporate products so created, while allowing corporations to pay an appreciably smaller burden is hardly fair or appropriate.  This present situation isn't terribly surprising, since corporations have billions upon billions of dollars at their disposal to influence all sorts of governmental policies, including, in particular, taxing policies, of which, quite clearly they have been quite effective at such.  In fact, as reported by americansfortaxfairness.org, corporations back in the 1950s actually paid about 33% of the federal tax revenue collected at that time as compared to the current projection of just 7% for 2021.  Further to the point, the richest of the rich, are paying less in individual taxes than they did in the 1950s, and their estates are also being taxed today at a lesser rate, than they were in the 1950s.

 

The bottom line when it comes to taxation, is that this country and its present day policies, focus far more than they really should on getting ordinary Americans to carry far more taxation weight than they need to; as compared to concentrating on collecting a lot more money from those corporations and select individuals that already have more than enough money than they really need.  The reason that this is occurring is because our feckless governmental representatives are unwilling and seemingly unable to enact fair and transparent taxing policies that will tax those that have way more than enough, thereby placing an unfair burden on ordinary Americans and an unnecessary burden on those future Americans, not yet born.