The American Civil War is remembered as the time when America began to experience economic hardship, which also marked the creation of one of the most despised aspects of modern life, the federal tax on income. The federal income tax was designed to help fund the Civil War and later became an income deduction for all American citizens to help fund government operations. In the years that followed, debates raged over the constitutionality of individual income taxation and the amount of each individual tax. In theory, all Americans should pay a different amount of taxes, but in reality all Americans pay the same amount of taxes. The poor struggle to pay taxes because they struggle to survive on a daily basis while the rich get richer and richer. The rich should pay higher taxes because they have the resources, benefit more from government, and can help reduce deficits. The rich should pay higher taxes because they are financially stable and have the resources. The rich make up 1% of the population but hold the majority of capital. This doesn't add up at all. The rich should not have the majority of America's money. This is a problem because when evaluating the inequality between the rich and the middle class, this can cause conflict between the two. The rich could use that capital to pay higher taxes to help with all the debt and deficits the government has racked up. In Your Taxes, Johnson David Cay states: “While income tax policy remains a hotly debated political topic, most Americans agree that the system should be designed so that wealthier citizens pay a higher percentage of their income, a system known as the progressive tax system. " (par. 3). Cay agrees that wealthier citizens should pay a lot... middle of the paper... lower class and rich America can begin to progress towards an entrepreneurial country. The middle class can start living instead of trying to survive from paycheck to paycheck, which will bring great benefits to both sides. With a more equal society, America can transform itself into a positive and progressive country and economy. American economy would improve enormously because debts and deficits would decrease to the point that there would be none left, which would mean that America would once again become the number one industrialized country in the world. America would finally be left alone demographic, an increase in jobs and income, and America would be financially stable. Living in an equal society would be beneficial to all. There would be no more debt, deficits and recessions. America would be restored and renewed.
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