Why not tax the rich?
Published: Sunday, Dec. 9, 2012, 8:54 p.m.
Tax the rich
The Republicans want the deficit reduced by taking away benefits from the disabled, widows, senior citizens and the working poor. Why do they stand tall and say not one penny from the rich?
The rich should not be exempt from helping to reduce the deficit. A lot of them helped cause the recession with their bank and stock manipulations. They closed factories here and threwing people out of work, then moved the jobs and their ill-gotten money overseas.
In terms of percentage, the rich pay less income taxes than middle-class workers. When you take into account income taxes, the Social Security tax of 6.2 percent and Medicare tax of 1.75 percent, middle-class workers are paying upward of 20 percent. If you are retired and have a pension, you pay 25 percent on your Social Security income.
We should not let the rich sneak out of paying their fair share.
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