Filing income taxes is something that all American workers do, rich or poor; however, the amount paid is not what most would expect. In addition to the obvious ways to reduce taxable income, such as decreasing the amount of withholding, reducing the increase in deductions and taking advantage of tax credits, those who are determined to save, generally the upper class, find other avenues (Perez) . These ways may include investing, putting money into savings, or switching account types. This is what allows the rich to continue to get richer and prevents the poor from significantly improving. Taxes are the government's largest source of revenue, with approximately 47% of tax revenue coming from income tax (Griffith and Schwabish). Due to this high percentage, as well as the tension caused by the long storage process, this is an important issue today. If nothing is done about the variable-rate income tax, middle- and lower-class Americans will continue to pay more than their fair share of taxes, and the upper class will continue to pay well below their fair share. This will create a bigger gap between classes. This is a very important issue for me because I come from a middle class American family who would like to pay less taxes and I believe in equality for all. The underlying problem with this issue is that Congress does not vote based on what the majority of its voters want, but rather on what makes the congressmen the most money. They are more concerned with pleasing corporate America and the wealthy than with taking care of America's middle and lower classes. How taxes are imposed is of great importance to all Americans. Reforming the tax code to implement a flat tax is often offered as a solution to tax inequity. The......middle of the paper......November 2011. The New York Times. January 11, 2014.FreedomWorks. FreedomWorks. and January 11, 2014. .Griffith, Courtney, and Jonathan Schwabish. Budget infographic - Revenue. 17 April 2012. 11 January 2014. .Ferri, Giovanni. US News: Tax cuts for the rich never end well. November 1, 2011. January 11, 2014. .Marshall, Collin. US turning point: flat tax. February 27, 2013. January 11, 2014. .Miller, Emily. “The Washington Times: MILLER: Flat tax to the rescue.” October 20, 2011. The Washington Times. January 11, 2014.Perez, William. About.com Tax Planning Basics. January 11th 2014. .
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