Surprise! Who's not paying federal income tax?

[HoosierJoe]

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.

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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.

 

[Mr. H.]

Are you from Hannibal, MO?

 

[imbalance]

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.

 

[MeBelle]

Are you from Hannibal, MO?

Does he get paid to post?

 

[Crackerjack]

Are you from Hannibal, MO?

Does he get paid to post?

How do I get in on that racket? I have a house full of Barbie dolls to pay for.

 

[HoosierJoe]

Thank you to the mods for the link thing.

Sorry, will get er done next time round.

 

[HoosierJoe]

I only understand one of the replies in this thread.

Does this kind of response thing happen often here?

 

[xotoxi]

I only understand one of the replies in this thread.

Does this kind of response thing happen often here?

The fact that you don't understand things?

Apparently.

 

[Full-Auto]

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?

Copyright Guidelines:
Copyright infringement is illegal. USmessageboard.com will enforce the law. Never post an article in its entirety. When posting copyrighted material, please use small sections or link to the article. When posting copyrighted material you MUST give credit to the author in your post. You are responsible for including links/credit, regardless of how you originally came across the material. Link Each Copy and Paste.

http://www.usmessageboard.com/announcements-and-feedback/47455-usmb-rules-and-regulations.html

___________________________________________________

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.

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

 

[PredFan]

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

 

[MeBelle]

I only understand one of the replies in this thread.

Does this kind of response thing happen often here?

No worries, some of us are playing with ya!
We are all angels here....

 

[HoosierJoe]

I only understand one of the replies in this thread.

Does this kind of response thing happen often here?

No worries, some of us are playing with ya!
We are all angels here....

Harmless I suppose but lost on me.

 

[editec]

More and more people making less and less money means that less and less people will be paying any income taxes.

Hey this is bound to happen when we pass law after law that punished the working class and rewarded the capital class.

 

[MeBelle]

Are you from Hannibal, MO?

Does he get paid to post?

How do I get in on that racket? I have a house full of Barbie dolls to pay for.

Barbie dolls are wayyyy high maintenance!