You know that minimum wage isn’t actually minimum wage right?
Like sure you might make $7.25, or even $15 an hour. But you pay 25% taxes so instead of making $15,000 or $31,000, you’re actually only making $11,300 or $23,400. And that’s the money used to pay for bills, rent, to buy new clothes, to buy groceries, and fill your gas tank.
$11,000 a year, working 40 hours a week, on minimum wage.
That’s abhorrent.
So we should lower taxes is what you’re saying. Maybe get rid of income tax all together and only pay a tax when we buy something. Income tax is the government saying that we have to pay them to even have a job. Does that seem fair to you?
No we shouldn’t lower taxes, not at all. Not when the United States has 18 BILLION in debt Source. People who make millions of dollars a year like Mitt Romney should pay 25% like everyone else instead of the 15% that he pays Source. In fact, I bet he could pay 40% on his $21.7 million dollars per year which would be about $8 million. I don’t know about you, but I could live comfortably on $13.7 million.
We also need to increase exports. Taxing the common-folk will NOT solve our debt problems. We need to make sure everybody pays at least 25% in taxes, and we need to increase the stuff we sell to other countries (aka exports), and lower the amount of money we spend on imports (like oil, and an easy fix for this is solar power). We should focus on spending for the goods we make in this country so that my $5 spent in the US gets circulated throughout the US, not other countries.
It’s not black and white. It’s not tax tax tax, and minimal exports if any. Nor is it no taxes, and maximized exports. It’s meeting in the middle.
There’s no meeting in the middle when one side is using 80% of the resources and insisting he doesn’t owe anybody for the privilege. Romney surrounds himself with lawyers and accountants who were educated at public expense. He may be paying them a salary NOW but the public paid for them to go to school and get to the point where Romney could exploit use their talents to make him richer. And he gets to pay less than a bartender in taxes?