There must be a way to get the wealthy to pay their fair share

For countless Americans, all of their assets are in their homes. They may have a low income, but they have taxable assets that are the roof over their heads. Your tax burden can increase every year and there is nothing you can do about it. Their unpaid taxes could consume them and their heirs. You should editorially report on how you can achieve equity across the tax spectrum.

There is plenty of leeway for the rich to shoulder their share of the costs of a civil society, and we need not worry about gasping and clutching their pearls. In my lifetime federal income taxes only went down and are now a fraction of what they were when we went to war in Korea. Senators Elizabeth Warren and Bernie Sanders know what to do. In any case, tax extreme wealth and make our system fairer again.

Frank W. Riepe

Sudbury

Getting the rich to pay their fair share? It’s easy

In “Yesterday’s Tax Policy Will Not Solve Today’s Yawning Wealth Gap,” the editorial team writes: “It’s not just fair to make sure everyone pays their share – it’s an untapped source of income for public services and an opportunity to do so growing prosperity to moderate inequality in the United States. “

Our taxes should be changed as follows: All income, including capital gains, inheritances, gifts and bequests, should be taxed as normal income. The income tax rates will continue to be graduated, with the top tax rate being set at 50 percent instead of the previous 37 percent. For example, the only deduction should be $ 25,000 for a separate filing or $ 50,000 for a joint filing.

These changes would simplify our tax policies, increase public service revenues, and most importantly, ensure that the rich pay their fair share.

Vic Presutti

Dayton, Ohio

Go after those capital gains

As for your editorial on tax policy, I have a suggestion: Perhaps we should tax capital gains on paper for people whose profits, for example, exceed $ 1 million in any given year. If that means wealthy investors must actually sell some investments and make some actual profits in order to pay those taxes, that doesn’t seem like too much of a hardship. Alternatively, they could use part of their pocket money to pay taxes. This could be easier to implement per se than a wealth tax.

David Meyers

Amesbury