General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe TEA Party has it backwards.
Average working families are NOT taxed enough already, they are simply not compensated enough.
Tea Partiers love to talk about the supposed crushing burden of taxes, but the truth is that, because wages for workers have basically remained stagnant since the 1980s, it is the spending ability that is the issue.
True, the rich are taxed at lower levels since the Great Depression, and have amassed more wealth that ever. And that could be remedied by re-instituting a much higher rate of taxation for marginal income, and by removing the many loopholes that allow profitable corporations to avoid paying any taxes.
If we pushed for a living wage, a wage sufficient to support a family, and indexed that wage for inflation, that would be a huge step toward real economic prosperity.
genxlib
(5,524 posts)Workers are feeling a big bite our of there paycheck. However, the amount of that bite attributed to taxes has diminished over the years. I have tracked my taxes over the years and the percentage has gone down significantly in the 30 years I have been in the workforce.
While taxes have gone down, other deductions have risen and overtaken them in their place. Primarily health insurance premiums but also self funded retirement pensions and 401k's.
The other dynamic that is playing out is the definition of what middle class means. Forty years ago, a household with a telephone landline, electricity, gas and a TV was considered middle class. Now, most families would have multiple TV's, cable, internet, cell phones etc that just didn't exist as a household cost back then. Those additional expenses easily run into the thousands.
I'm not saying its right or wrong. I'm just saying that is the environment under which people feel chronically behind on the bills.
Anti-government types have taken advantage of that to convince people to blame taxes when there are a whole lot of other demands on there cash flow.
guillaumeb
(42,641 posts)And 40 years ago, many families were one income families. That is rare now, so the problem is that it takes at least 2 workers to support a smaller family.
And debt is rising.