Many of the biased members of the media are reporting the recently passed tax reform package as a “transfer of wealth to the richest”. Obviously, they are targeting the emotions of the people, who for some unstated reason, seem hate people with more money than themselves.

A “tax” is a transfer of wealth from the taxpayer (you) to the government (them). Therefore, a reduction in tax is a reduction of the transfer. Taxes are a “take” from you by the government. So, explain how taking less from everyone, every taxpayer, is a “transfer of wealth to the richest”. They are just getting to keep more of their OWN MONEY, just like you get to keep more of your OWN MONEY.

Even the tiered tax rates, when looked at with on open mind, is unfair. It penalizes workers for earning more money. Take a simple exaggerated example to see the point.

Example: There are two tax rates based on income…10% for income 0-$100, and 20% for anything $101-$200. Simple enough?

Continuing the example: You earn $100, and pay taxes of $10. Your neighbor earns $105, and pays taxes of $21. You take home $90, he takes home $84.

Continuing: He worked hard to earn more money, but takes home less. Not only it is unfair, it encourages people to earn less, staying “poor”, in order to keep more of their own money. If you endeavored to earn $5 more, a 5% increase in income, you’d increase your taxes by 210%. It’s all a design to keep you thinking like a poor person.

Remember, this was an exaggerated example so you could see the pattern. Taxpayers should realize that having ONE tax rate, for example 10%, for EVERYONE would mean that people that earn more would pay more. $10 on $100, and $15 on $150. THAT is fair.

I cannot figure out how is it fair that a person working to make more money should pay an “even more” rate of taxes, just because they received more income. I’ve never met anyone who didn’t want to earn more money. Yet, that would mean they pay more taxes, with a greater diminishing return (i.e. take home pay) when they work harder, get raises or take a second job.

So, correcting the lying fake news media, the tax reduction is NOT a transfer of wealth, it’s people getting to keep money that already have, and the government TAKING less, from everyone.