Friday, October 21, 2011

Taxes

"Perry Says He Supports a Flat Tax, Drawing a Contrast with Romney." New York Times. N.p., n.d. Web. 20 Oct 2011. Summary
In an effort to distinguish himself from fellow Republican competitor, Mitt Romney, Rick Perry has proposed a flat-tax system to make tax easier to understand and equal for all. Mitt Romney, who has taken a stance against a flat tax system, advocates a tax system with greater tax breaks for the middle class. However, Perry's flat tax system aims to emulate Herman Cain's 9-9-9 tax system, that advocates for all to pay the same amount of tax and gain the support that has been growing for a flat tax system.
Connection
The Republican party has been known to offer greater tax breaks for the wealthy and powerful. Herman Cain's 9-9-9 system and Rick Perry's flat-tax system both advocates a system which evenly distributes the burden of taxes on the citizens. Thus, both of their systems essentially favors the wealthy because although their wages are higher, the amount they will need to pay will be less in comparison to the present tax system.
Reflection
I believe that both Cain's 9-9-9 and Perry's flat-tax system are retrogressive. Because the wealthy make significantly more than the average citizen, the taxes they have to pay should be a bit higher. If everyone had the pay the same amount of taxes, the burden of taxes will fall upon the shoulders of the middle and lower classes, who may not be able to afford such high taxes.

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