Tax Freedom Day Debunked -- Again

Discussion in 'Politics' started by Joe Steel, Apr 7, 2010.

  1. Joe Steel
    Offline

    Joe Steel Class Warrior

    Joined:
    Dec 11, 2009
    Messages:
    1,052
    Thanks Received:
    96
    Trophy Points:
    83
    Location:
    St. Louis, MO
    Ratings:
    +119
    As it does every year, the Center on Budget and Policy Priorities has debunked the Tax Foundation's "Tax Freedom Day."

    Tax Freedom Day is a myth. Don't believe it.

     
  2. Skull Pilot
    Offline

    Skull Pilot Platinum Member

    Joined:
    Nov 17, 2007
    Messages:
    31,726
    Thanks Received:
    4,486
    Trophy Points:
    1,130
    Ratings:
    +10,048
    yeah don't believe it at all

    You don't really pay any taxes

    [​IMG]
     
  3. martybegan
    Offline

    martybegan Gold Member

    Joined:
    Apr 5, 2010
    Messages:
    29,329
    Thanks Received:
    4,002
    Trophy Points:
    290
    Ratings:
    +10,948
    There is a day somewhere when you earn the amount you pay in taxes. Methodology arguments aside.
     
  4. chanel
    Offline

    chanel Silver Member

    Joined:
    Jun 8, 2009
    Messages:
    12,130
    Thanks Received:
    2,746
    Trophy Points:
    98
    Location:
    People's Republic of NJ
    Ratings:
    +2,749
    Of course there is. But even if its only the top earners, they should still be recognized. Thank you top earners for contributing more than your "fair share" 100 days of working for free so some junkie doesn't have to is worthy of a day of recognition.
     
  5. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    Isn't that the truth! We've got a legion of Entitlement Generation families who pay a net ZERO in taxes. Their tax freedom day begins on January 1st, all thanks to hard-working people who have to cover for them. And each year the Entitlement Generation gets a little bigger, moving it ever closer to an unsustainable position. Of course, there are still people who believe in the Free Lunch concept, that is until everything comes crashing down.
     
  6. Joe Steel
    Offline

    Joe Steel Class Warrior

    Joined:
    Dec 11, 2009
    Messages:
    1,052
    Thanks Received:
    96
    Trophy Points:
    83
    Location:
    St. Louis, MO
    Ratings:
    +119
    Sure but deliberately misrepresenting it is deceitful and counter-productive. Overstating the level of taxes we pay creates an antipathy toward taxation which diminishes government's ability to raise revenue for the services we expect of it.
     
  7. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    It is a day shown merely as an example to show the absurdity of the tax rate for actual earners...

    We know full well that loser stoner morons, living in mom's basement, smoking weed, and having cheetos dust coatings on their small little dicks from beating of to naked pictures of Pelosi, pay no taxes... it's how them Dems buy their votes
     
    • Thank You! Thank You! x 2
  8. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,210
    Thanks Received:
    14,906
    Trophy Points:
    2,210
    Ratings:
    +36,952
    I remember when I got my first paycheck from EF Hutton. I had mentally computed what I thought I would get and the check was only 2/3 of the amount. WTF!?!?! Federal, State, local and SocSecurity grabbed 1/3 and they did none of my work those 2 weeks.
     
  9. martybegan
    Offline

    martybegan Gold Member

    Joined:
    Apr 5, 2010
    Messages:
    29,329
    Thanks Received:
    4,002
    Trophy Points:
    290
    Ratings:
    +10,948
    Not liking the date they get with thier methodology does not make it debunked. I'm sure you can find plenty of people who have a tax freedom day of april 9th, just as there are plenty of people with a date before or after.

    April 9th means a tax rate of around 27%. That seems pretty average to me factoring in federal,state local taxes of all types.
     
  10. chanel
    Offline

    chanel Silver Member

    Joined:
    Jun 8, 2009
    Messages:
    12,130
    Thanks Received:
    2,746
    Trophy Points:
    98
    Location:
    People's Republic of NJ
    Ratings:
    +2,749
    Yes I imagine there are some in the top 5 percent that will be working til June next year when they are tapped further for the stimulus the HC bill and of course when the states run out of cash - which is happening right now. And something tells me that the 5 percent may be shrinking. Who will they go after next?
     

Share This Page