Nearly half of US households escape fed income tax

Discussion in 'Politics' started by KMAN, Apr 7, 2010.

  1. KMAN
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    KMAN Senior Member

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  2. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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  3. xsited1
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    xsited1 Agent P

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  4. Zoom-boing
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    Zoom-boing Gold Member

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    Wait, I thought the 'rich' didn't pay their fair share so they need to be taxed even more? btw, $366,440/yr is rich compared to $40,000/yr, so put a sock in the 'that's not rich' argument.
     
    Last edited: Apr 7, 2010
  5. Gadawg73
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    Gadawg73 Gold Member

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    Corporations never pay taxes. People pay taxes.
    A corporation is an entity. An entity is owned by stockholders which are all people.
    People receive the profits a corporation makes in dividends.
    Argue all you want that the tax credits a corporation receives are not just but no corporation ever pays taxes. All a corporation does is receive $ for goods and services and pass the $ along after expenses to shareholders and/or the government for taxes. If a corporation passes along earned profits all it is doing is taking it from shareholders. Accordingly, the shareholders of a corporation are the ones, not the corporate entity, that pays the taxes. Always.
     
  6. Dr Gregg
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    Dr Gregg BANNED

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    How is that possible? There must be a ton of very very poor people. Cause I don't make a ton of money now but I still pay some federal taxes.
     
  7. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    Press the link and read my post. that was the point of posting it.
     
  8. Dr Gregg
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    Dr Gregg BANNED

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    If there incomes are too low, I'm not going to complain about that. But maybe they need to stop all the deductions and exemptions that make many who's salary isn't "too low" to pay their fair share.

    REally not going to get pissed at very poor people barely getting by not paying taxes.
     
  9. WillowTree
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    WillowTree Diamond Member

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    There might be some leeching going on here.. :eusa_eh:
     
  10. Charles Stucker
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    Charles Stucker Senior Member

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    Don't forget that MediScam and Socialist Security taxes hit the low and middle range earners heaviest, and those are two of the heaviest tax burdens in the nation. Look at the budget, around 40% is MediScam and Socialist Security. Get rid of those two and the average earner would have a lot more money in their pocket.
     

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