Surprise! Who's not paying federal income tax?

Discussion in 'Politics' started by HoosierJoe, Dec 26, 2011.

  1. HoosierJoe
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    HoosierJoe A Plain Old Hoosier Boy.

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    Surprise! Who's not paying federal income tax?
    By Todd Spangler, Detroit Free Press
    Updated 10/12/2011 12:11 PM


    WASHINGTON – Amid complaints that nearly half of tax filers in the U.S. won't pay federal income taxes this year, this has been lost: Those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes.

    EDIT: COPYRIGHTED MATERIAL - SEE THE LINK TO THE STORY: Who's not paying federal income tax?

    ___________________________________________________

    It isn't always the "poor" who don't pay. Not paying is a poor term anyway. Many pay in but get it back when they file. And everyone who works pays FICA and Medicare. But, still, a huge % pay little or no federal income tax and in fact many get back more than paid in.

    Personally, I am for this huge percent paying something like the rest of us have to.
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    Are you from Hannibal, MO?
     
  3. imbalance
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    imbalance Silver Member

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    Income taxes are such a sham. They don't even need to exist; government levies taxes not to finance its operations, but to give value to its fiat money as sovereign credit instruments. Federal Reserve Notes government issued credit -- legal tender for all debts, public and private -- and without taxes to pay there would be no compulsory debt component but rather a government operation financed via user fees. But the basic logic behind enforcing income taxes is that excessively low tax rates will result in a low demand for currency and that a chronic government fiscal surplus is economically counterproductive and unsustainable because it drains credit from the economy. The colonial administration in British Africa used land taxes to induce the carefree natives to use its currency and engage in financial productivity.
     
  4. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    Does he get paid to post?
     
  5. Crackerjack
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    Crackerjack Too sick for a cure

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    How do I get in on that racket? I have a house full of Barbie dolls to pay for.
     
  6. HoosierJoe
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    HoosierJoe A Plain Old Hoosier Boy.

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    Thank you to the mods for the link thing.

    Sorry, will get er done next time round.
     
  7. HoosierJoe
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    HoosierJoe A Plain Old Hoosier Boy.

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    I only understand one of the replies in this thread.

    Does this kind of response thing happen often here?
     
  8. xotoxi
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    xotoxi Platinum Member

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    The fact that you don't understand things?

    Apparently.
     
  9. Full-Auto
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    Full-Auto Gold Member

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    Obama and the democrats need to work harder. I still pay taxes and have never gotten back what I paid in let alone more.
     
  10. PredFan
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    PredFan Gold Member

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    Isn't that the middle class that Obama wants to cut taxes for?
     

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