Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Letter: Unity, productivity will improve the economy

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, January 16, 2014 12:00 am

Another letter has been submitted that claims again that the very people who pay the majority of taxes are somehow not paying their fair share. The mistake is in combining all taxes as if they are equal in nature.

For example, it compares Social Security contributions to federal income taxes. Anyone who pays into Social Security will at retirement have all contributions returned in the form of retirement, whereas federal income taxes are used to pay ongoing immediate expenses the government obligates itself to pay. No person should consider a retirement contribution an equivalent to federal income tax.

When attempting to determine if one segment of our society is paying their fair share, each tax must be examined on its own merit. Claiming all taxes have equivalency and then stating certain people do not pay their fair share based on that assumption is incorrect.

This country is going through trials and tribulations and needs the constructive participation of all citizens. We all should be thankful and appreciative that the people who are driven to succeed do now pay the vast majority of taxes that funds the needed social programs that are available to people who truly need them. Instead of promoting division, we should unify our country and encourage productivity for everyone’s best interests.

Darrell Baumbach

Acampo

New Classifieds Ads

Twitter