The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500
I am a proud resident of the United States, and I am writing because the inadequacy in our countries tax code and the inability to remedy it has reached an alarming level.
Due to loopholes in our countries taxation laws, the ultra-rich are able to find various ways to bypass federal taxes, leaving the financial burden to rest on those who are more financially affected by higher tax rates. While the idea of a progressive tax system may seem like the best compromise, it is woefully inefficient. With the current tax system, the people paying the highest percent of their income in tax are the bottom of the top 1%, or family’s with combined incomes of around four hundred thousand dollars. Most people in this income bracket are hardworking people, on salaries. As such, they pay around 39% income tax.
People who were born into money and don’t work, merely investing the money they have and watching it grow, pay capital gains tax, which only maxes out at 24%. These loopholes and deficiency’s allow the people who wouldn’t be affected by high tax rates to pay rates roughly equivalent to what a middle class household would pay. While I agree that a progressive income system like the one currently in place is the best solution, I think that it needs a significant overhaul, focusing on growth of capital in any form, not differentiating between gains on investments or from salaries.
I am writing to ask you to support and promote any legislation that addresses the problems in our taxation system. Through cooperative efforts between you, the members of the chambers of congress, and other elected officials, I strongly believe that legislation remedying the tax systems inadequacies that benefits the American public as a whole could be introduced.
Thank you for your consideration in this matter.