Half of Obama's tax cuts

Discussion in 'Congress' started by jreeves, Sep 29, 2008.

  1. jreeves
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    jreeves Senior Member

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    Half of Obama's tax cuts will go to people who have a net income tax of 0$. Since this is true how can you claim you are cutting taxes for 95% of America workers?

    In addition to these non-payers, roughly 15 million individuals and families earned some income last year but not enough to be required to file a tax return. When these non-filers are added to the non-payers, they add up to 57.5 million income-earning people who will be paying no income taxes.

    Even 57.5 million is not the actual number of people because one tax return often represents several people. When all of the dependents of these income-producing people are counted, roughly 120 million Americans – 40 percent of the U.S. population – are outside of the federal income tax system.
    The Tax Foundation - Number of Americans Outside the Income Tax System Continues to Grow

    So while the population continues to grow[/B]....Demographics of the United States - Wikipedia, the free encyclopedia
    U.S. population growth is among the highest in the developed countries, although its annual rate of 0.88% is below the world average annual rate of 1.16%.

    and grows older....
    U.S. to Grow Grayer, More Diverse - washingtonpost.com
    Similarly, the 85-and-older population is expected to more than triple, accounting for about 4 percent of U.S. residents in 2050, compared with fewer than 2 percent today.

    The percentage of the population that is of working age will drop from 63 to 57 percent. As is the case with children, the working-age population is projected to become majority-minority before 2050. By mid-century, it is expected to be 30 percent Hispanic, 15 percent black and nearly 10 percent Asian.

    Btw Obama's tax proposal would only reduce or provide tax refunds for 81% of American workers.
    Obama wants to further cut the amount of taxpayers and force the 60% of us who do pay taxes to shoulder even more of the weight....:cuckoo:
     
    Last edited: Sep 29, 2008
  2. DiveCon
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    DiveCon gone

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    thats as far as i got
    how can you "cut taxes" for someone that is already not paying any?
    :disbelief:




    :cuckoo::cuckoo::cuckoo:
     
  3. jreeves
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    jreeves Senior Member

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    That's only part of the problem, how can you take from taxpayers and give their money to non-taxpayers?
     
  4. Mauser
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    Mauser Member

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    It's a pretty straightforward redistribution of wealth, and it turns the tax code into yet another welfare program.
     
  5. elvis
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    elvis BANNED Supporting Member

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    Does anyone actually believe Obama when he says this? If he were going to raise taxes on everyone, he wouldn't be stupid enough to tell us.
     
  6. jreeves
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    jreeves Senior Member

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    Obama won't raise taxes on everyone, he would only raise taxes on the people paying the majority of all federal income taxes.
     
  7. elvis
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    elvis BANNED Supporting Member

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    What are people making $250000 a year going to be paying, according to what he says right now?
     
  8. jreeves
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    jreeves Senior Member

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    Approximately $65,800....
     
  9. Mauser
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    He expects us to be stupid enough to believe him.
     
  10. PeterS
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    PeterS Active Member

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    How much will your income tax go up?
     

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