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Let's see. We make significant cuts to all the marginal tax rates so that folks have more take home pay than before the cuts. Wonder what millions and millions of people would do with that extra money every month? After month, after month, after month....
Do we have 24 tax brackets with the top one sitting at a 91% marginal tax rate? Because that does seem excessive.
Let's see. We make significant cuts to all the marginal tax rates so that folks have more take home pay than before the cuts. Wonder what millions and millions of people would do with that extra money every month? After month, after month, after month....
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
That is bullshit. All employers & employees pay taxes. If you were employed it would be obvious.
Let's see. We make significant cuts to all the marginal tax rates so that folks have more take home pay than before the cuts. Wonder what millions and millions of people would do with that extra money every month? After month, after month, after month....
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
Oh, gee, how about -0% for those folks?
But for the rest of us I'd be happy with cutting the rates at least in half for starters. That would still yield millions of people with lots of "extra" money every month.
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
That is bullshit. All employers & employees pay taxes. If you were employed it would be obvious.
If you made out your federal income taxes and the amount owed line says ZERO, you pay no federal income taxes.
That was the case for 47% of households.
So the question is, AGAIN, how much do you people want to lower their income tax rates?
47% of households paid NO federal income taxes last year.
How much, exactly, do you want to lower their income tax rates?
Oh, gee, how about -0% for those folks?
But for the rest of us I'd be happy with cutting the rates at least in half for starters. That would still yield millions of people with lots of "extra" money every month.
So you cut tax rates for higher income people and what happens?
You go from 47% of households paying NO income tax to maybe 57% of households paying no tax, or 67%.
So what percent of American households do you believe need to pay NO federal income taxes before you get enough stimulus to make our economy prosper?
Give me a number, or even a ballpark figure.
Keep in mind, however, that a significant percentage of conservatives are already complaining that the 47% number is too high, i.e., that those people should pay MORE in taxes...
Oh, gee, how about -0% for those folks?
But for the rest of us I'd be happy with cutting the rates at least in half for starters. That would still yield millions of people with lots of "extra" money every month.
So you cut tax rates for higher income people and what happens?
You go from 47% of households paying NO income tax to maybe 57% of households paying no tax, or 67%.
So what percent of American households do you believe need to pay NO federal income taxes before you get enough stimulus to make our economy prosper?
Give me a number, or even a ballpark figure.
Keep in mind, however, that a significant percentage of conservatives are already complaining that the 47% number is too high, i.e., that those people should pay MORE in taxes...
I advocated cutting all marginal tax rates, not just the rates of higher income folks.
You'll have to explain your 10 to 20 percent increase in households paying no tax as it's your allegation, not mine.
The economy would be stimulated, as JFK indicated, as the result of tax rate cuts, not as a result of X number of households paying no income taxes. It's interesting to note he also said the prosperous expanding economy resulting from lower tax rates would also raise revenues to the government. A win-win. People have more money and the gov gets more too.
That is bullshit. All employers & employees pay taxes. If you were employed it would be obvious.
If you made out your federal income taxes and the amount owed line says ZERO, you pay no federal income taxes.
That was the case for 47% of households.
So the question is, AGAIN, how much do you people want to lower their income tax rates?
The unified budget has been taxing everyone. Medicare, Social Security & Unemployment tax are paid by all employed & spent by government. There is no locked box. To go even further many of us have State, County & City taxes deducted from pay checks. The employer also pays all these taxes regardless of weather he is turning a profit under $47K or loosing money.
I didn't expect someone like you living on the governments tit to figure it out.
What %?? Try ZERO
Those 47% (and every other citizen as well) should be put up to the very same % on every dollar earned.... but funny thing is I bet you would see more lefties calling for a tax 'cut' then
What %?? Try ZERO
Those 47% (and every other citizen as well) should be put up to the very same % on every dollar earned.... but funny thing is I bet you would see more lefties calling for a tax 'cut' then
Yeah, well, name the conservative/Republican politicians who are running on that idea, i.e., raising taxes on the 47% who pay zero.
Give me a nice representative list of them.
If you made out your federal income taxes and the amount owed line says ZERO, you pay no federal income taxes.
That was the case for 47% of households.
So the question is, AGAIN, how much do you people want to lower their income tax rates?
The unified budget has been taxing everyone. Medicare, Social Security & Unemployment tax are paid by all employed & spent by government. There is no locked box. To go even further many of us have State, County & City taxes deducted from pay checks. The employer also pays all these taxes regardless of weather he is turning a profit under $47K or loosing money.
I didn't expect someone like you living on the governments tit to figure it out.
lol.
We are talking about FEDERAL INCOME TAX.
The unified budget has been taxing everyone. Medicare, Social Security & Unemployment tax are paid by all employed & spent by government. There is no locked box. To go even further many of us have State, County & City taxes deducted from pay checks. The employer also pays all these taxes regardless of weather he is turning a profit under $47K or loosing money.
I didn't expect someone like you living on the governments tit to figure it out.
lol.
We are talking about FEDERAL INCOME TAX.
Where do you think the surplus Social Security tax revenue went? It was spent the same way to fund the same old discretionary slush fund things Federal Income tax do. These have been Federal Income taxes in disguise & every worker pays them.
Do we have 24 tax brackets with the top one sitting at a 91% marginal tax rate? Because that does seem excessive.