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U.S. tax structure needs an overhaul

Published 02/15/2012, DL-Online

I am a part of the 99 percent but I don’t envy the rich. What I do envy is the fact that the rich can hire high-powered accountants that can find all imaginable loopholes to help them lower their income to the lowest level possible and on top of this pay 15 percent on this income. This in turn helps the high-income earners to pay the least amount they owe for taxes. The people in the middle do not have this advantage because every penny they owe the government on their taxes must be paid because it shows up as income and there is nowhere to hide money. Besides this, the middle tax payers pay a higher rate than the rich, which is unfair in itself.

Word count: 351

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