Title: Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation - Soapboxie
Headings: Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation
Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation
Moral Justification for a Progressive Tax
Taxes on the Rich
Community, Exchange, and Wealth Creation
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The Heartland Institute
Moral Justification for a Progressive Tax
A progressive income tax is a situation where tax rates increase as income increases. For instance, a person making $20,000 will pay a lower percentage of their income in taxes than a person making $100,000. Almost all modern countries have a progressive income tax. Why should taxes increase with income? Why should the rich be taxed at a higher rate than anybody else? pinterest-pin-it
Shenk it Up
Taxes on the Rich
The main reason the rich should be taxed at a higher rate is simple: They have utilized the system more. The two main factors that lead to wealth creation are (1) personal effort and (2) the socioeconomic system. Both are essential. A person can work extremely hard and try their best to start a business or get a good job.