Reaganism rolls on, dupes. Duh. Keep supporting the greedy idiot GOP. See sig.Middle Class taxpayers have seen their take home pay decline. The bottom 47 percent pay no income tax, the top 10 percent income earners pay 71 percent of the income tax while middle class income earners pay the highest percent of their paycheck to income taxes.
Who is going to deliver relief for the Middle Class and how? For starters, demonizing the wealthy and making the poor pay income taxes are not viable solutions as they do not directly address the Middle Class getting more take home pay.
Screw the 'middle class', they cut their own throats, nobody else did, so let them wallow in their own crap, they aren't the most important demographic concern for the government from here on out; double their taxes, just to pay for all the real estate bankruptcies alone they file when the bubbles bust and they run away crying and whining as if somebody else made them pay ridiculous prices for crappy houses. Problems are more severe for working class people.
The one tax graph you really need to know
"But most people don't know very much about the tax code. And the federal income tax is still our most famous tax. So when they hear that half of Americans aren't paying federal income taxes, they're outraged -- even if they're among the folks who have a net negative tax burden! After all, they know they're paying taxes, and there's no reason for normal human beings to assume that the taxes getting taken out of their paycheck every week and some of the taxes they pay at the end of the year aren't classified as "federal income taxes."
Confining the discussion to the federal income tax plays another role, too: It makes the tax code look much more progressive than it actually is.
Take someone who makes $4 million dollars a year and someone who makes $40,000 a year. The person making $4 million dollars, assuming he's not doing some Romney-esque planning, is paying a 35 percent tax on most of that money. The person making $40,000 is probably paying no income tax at all. So that makes the system look really unfair to the rich guy.
That's the basic analysis of the 47 percent line. And it's a basic analysis that serves a purpose: It makes further tax cuts for the rich sound more reasonable.
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But what if we did the same thing for the payroll tax? Remember, the payroll tax only applies to first $110,100 or so, our rich friends is only paying payroll taxes on 2.7 percent of his income. The guy making $40,000? He's paying payroll taxes on every dollar of his income. Now who's not getting a fair shake?
Which is why, if you want to understand who's paying what in taxes, you don't want to just look at federal income taxes, or federal payroll taxes, or state sales taxes -- you want to look at total taxes. And, luckily, the tax analysis group Citizens for Tax Justice keeps those numbers. So here is total taxes -- which includes corporate taxes, income taxes, payroll taxes, state sales taxes, and more -- paid by different income groups and broken into federal and state and local burdens:
As you can see, the poorer you are, the more state and local taxes bite into your income. As you get richer, those taxes recede, and you're mainly getting hit be federal taxes. So that's another lesson: When you omit state and local taxes from your analysis, you're omitting the taxes that hit lower-income taxpayers hardest.
But here is really the only tax graph you need: It's total tax burden by income group. And as you'll see, every income group is paying something, and the rich aren't paying much more, as a percentage of their incomes, then the middle class.
Another post chock full of stupidity. No surprise, since he thinks I was talking about 'Reaganism' or something.