The recent exchange of opinion between myself and a man who wants to tax the rich at a higher rate is a classic example of how some liberals look at fairness in tax policy.
Again, the wealthy pay enough, probably more than you or I, when it comes to a fair share. I wrote a letter citing two independent studies, one by Associated Press, debunking the tax the rich policy and the writer came out with a short paragraph about basic tax rates from the Department of Revenue which proves nothing.
It doesn’t take long to dig into total taxes and fees with a calculator to figure out that the rich pay more than their fair share plus the lion’s share of total taxes. It’s like contract bargaining. You can’t just calculate one group of employees’ pay raise in a percentage against others in the company and settle the contract. You must look at the total compensation package for all. So, you can’t just look at raw rates on an income only tax chart and make a fairness assessment on the wealthy.
The current tax system needs reform, but not by going after one group of taxpayers in class warfare and making them pay more. Why not use a consumption tax rather than a tax on productivity? A consumption tax collects from everyone equally; the rich, the poor, the illegals and the criminals.
Raging against the rich is as much of a misguided direction as the people wandering around on Wall Street raging against the machine.
Rep. Tony Cornish