Fixing Tax Loopholes, 51% of Americans Pay NO Incomes Taxes

[PLYMCO_PILGRIM]

if we count all of the taxes that people pay, from sales taxes to property taxes to payroll taxes (in other words, not just income taxes). And the top 1% of income earners actually pay a smaller percentage of their incomes to taxes than the 9% just below them. These findings are discussed in detail near the end of this document.

Who Rules America: Wealth, Income, and Power

There are some techincal flaws in the liberal professors article but that really doesn't matter.

Im just glad to know you admit that the bush tax cuts were more helpful to the poor, not the wealthy, as a percentage of income correct.

The poor pay more taxes then the rich so that means the poor were helped by the Bush tax cuts? Yeah right

As a percentage of income how much did a person making $30,000/year get as a tax break under bush's tax cuts?

As a percentage of income how much did a person making $300,000/year get under bush's tax cuts?

Answer those 2 questions using the actual numbers and, by using your very logic of how the poor pay more as a percentage of income, you will see the bush tax cuts actually helped the poor more than the rich.

 

[PLYMCO_PILGRIM]

I thought they were the Obama tax cuts now. Or is that only if they don't work?

they are the bush tax cuts that Obama extended because Obama is smart enough to know that raising taxes in a bad economy is a recipe for failure.

 

[Big Fitz]

Again I am for a pure flat personal income tax with no deductions.

be shocked. I agree. Get rid of withholding and move tax day to election day and I'm all in.

 

[Big Fitz]

We should have a pure flat rate tax on all personal income with no deductions.

Would never happen. Well it could but it would only last until the next Republican Congress which would then push through all sorts of deductions for the rich on the basis that "they create jobs!"

Depends on what the supreme court would say. They'd either invalidate it or reinforce it before or during the next wave of exemptions hit.

 

[PLYMCO_PILGRIM]

Again I am for a pure flat personal income tax with no deductions.

be shocked. I agree. Get rid of withholding and move tax day to election day and I'm all in.

I also agree.

 

[Google]

There are some techincal flaws in the liberal professors article but that really doesn't matter.

Im just glad to know you admit that the bush tax cuts were more helpful to the poor, not the wealthy, as a percentage of income correct.

The poor pay more taxes then the rich so that means the poor were helped by the Bush tax cuts? Yeah right

As a percentage of income how much did a person making $30,000/year get as a tax break under bush's tax cuts?

As a percentage of income how much did a person making $300,000/year get under bush's tax cuts?

Answer those 2 questions using the actual numbers and, by using your very logic of how the poor pay more as a percentage of income, you will see the bush tax cuts actually helped the poor more than the rich.

Answering those two questions would cause him to have a mental break-down: the realization that he has been parroting propaganda and mindless class-envy bulls....

 

[MikeK]

I don't believe that taxation is stealing. I find that argument just ridiculous.

[...]

That's because you are not receptive to the neo-Conservative brainwash and you remain capable of common sense reasoning.

My compliments.

 

[MikeK]

The Tax Foundation - Number of Americans Outside the Income Tax System Continues to Grow

Report after report has shown a growing majority, conservatively at 40%, of American workers pay no income tax, ZERO. Meanwhile the top 10% of American income earners fund 70% of total federal income taxes.

[...]

What this means is 40% of American workers have fallen below the poverty line while the top 10% have have acquired and are hoarding 90% of this Nation's wealth resources. So it is appropriate that this new Robber Baron class make up the revenue shortfall, which will leave them still phenomenonally wealthy.

In my socialistic opinion the uber-rich will be getting off easy if they are forced to pay 91% of their incomes in federal tax. Because I believe that all assets in excess of $20 million should be confiscated by the IRS.

 

[saveliberty]

...or it could mean unemployment is way worse than the government is reporting.

 

[Soggy in NOLA]

The Tax Foundation - Number of Americans Outside the Income Tax System Continues to Grow

Report after report has shown a growing majority, conservatively at 40%, of American workers pay no income tax, ZERO. Meanwhile the top 10% of American income earners fund 70% of total federal income taxes.

[...]

What this means is 40% of American workers have fallen below the poverty line while the top 10% have have acquired and are hoarding 90% of this Nation's wealth resources. So it is appropriate that this new Robber Baron class make up the revenue shortfall, which will leave them still phenomenonally wealthy.

In my socialistic opinion the uber-rich will be getting off easy if they are forced to pay 91% of their incomes in federal tax. Because I believe that all assets in excess of $20 million should be confiscated by the IRS.

Well at least you own up to your idiotic schemes. That's refreshing.

 

[Big Fitz]

Again I am for a pure flat personal income tax with no deductions.

be shocked. I agree. Get rid of withholding and move tax day to election day and I'm all in.

I also agree.

If you make the tax bracket low enough, I'd even consider throwing in all forms of income (aka capital gains and the like) If it's low enough, the rich won't run from it, and generally speaking the revenue will mean a smaller bite for the drastically reduced federal government that must go along with it. Yeahhh... bye bye federal safety hammock, hello privatized and state life line.

 

[8537]

There are some techincal flaws in the liberal professors article but that really doesn't matter.

Im just glad to know you admit that the bush tax cuts were more helpful to the poor, not the wealthy, as a percentage of income correct.

The poor pay more taxes then the rich so that means the poor were helped by the Bush tax cuts? Yeah right

As a percentage of income how much did a person making $30,000/year get as a tax break under bush's tax cuts?

As a percentage of income how much did a person making $300,000/year get under bush's tax cuts?

Answer those 2 questions using the actual numbers and, by using your very logic of how the poor pay more as a percentage of income, you will see the bush tax cuts actually helped the poor more than the rich.

I'm not sure I understand your logic here. Under Bush's tax cuts:

Everyone paid 10% on the first $8,500
Everyone paid 15% on additional to 34550
Everyone paid 25% on additional to 83,700
Everyone paid 28% on additional to 174,650
Everyone paid 33% on additional to 379,650
and everyone paid 35% above that on earned income.


The person making 300,000 per year saw their marginal tax rate drop by 6% on top of all of the lower rate deductions, not instead of them.

 

[MikeK]

...or it could mean unemployment is way worse than the government is reporting.

True.

Thank you.

 

[bripat9643]

Susan, your advocating stealing just a little (3-4%), so its okoay. Not really taking or stealing. I'll be by for your TV Monday. It is far less than 3-4% of your income I'm sure.

I don't believe that taxation is stealing. I find that argument just ridiculous.

That's because you're immune to facts and logic. What is the moral difference between taxation and stealing?

I don't know how old you are but if it hadn't been for the taxes raised this country would be in sorry shape.

Wrong. It would be in better shape.

I believe we should see that our country gets back in shape and we never again have to see a bridge fall due to neglect.

"Getting back in shape" means cutting government until it's a shell of its former self.

 

[MikeK]

That's because you're immune to facts and logic. What is the moral difference between taxation and stealing?

Since you need to ask; the moral difference is the same as the moral difference between paying for something you buy at a store and shoplifting it. Or paying for a meal at a restaurant and slipping out the door without paying the check.

In the example of taxes, the price one pays for living in America is based on each individual's share of America's wealth resources. If one's share is greater than another's, that one's tax burden will be proportionally greater.

If you cannot understand the difference between settling an obligation and stealing you are in need of re-education.

 

[Kuros]

Susan, your advocating stealing just a little (3-4%), so its okoay. Not really taking or stealing. I'll be by for your TV Monday. It is far less than 3-4% of your income I'm sure.

I don't believe that taxation is stealing. I find that argument just ridiculous.

That's because you're immune to facts and logic. What is the moral difference between taxation and stealing?

Representation.

 

[MikeK]

Well at least you own up to your idiotic schemes. That's refreshing.

If the best you can do is an adolescent ad hominem response then it's you, in the eyes of any reasonably intelligent person, who is the idiot.

 

[MikeK]

I don't believe that taxation is stealing. I find that argument just ridiculous.

That's because you're immune to facts and logic. What is the moral difference between taxation and stealing?

Representation.

Best answer!

 

[thereisnospoon]

That's because you're immune to facts and logic. What is the moral difference between taxation and stealing?

Since you need to ask; the moral difference is the same as the moral difference between paying for something you buy at a store and shoplifting it. Or paying for a meal at a restaurant and slipping out the door without paying the check.

In the example of taxes, the price one pays for living in America is based on each individual's share of America's wealth resources. If one's share is greater than another's, that one's tax burden will be proportionally greater.

If you cannot understand the difference between settling an obligation and stealing you are in need of re-education.

Here's the difference between theory and reality re:taxation.
Taxation is the vessel by which government raises revenue to fund essential functions.
The political Left does not see it this way. The Left sees taxation as means to get even with or punish those who those on the Left feel have enough or too have too much. Or worse yet, feel those of means have "taken" more than their alleged fair share of the imaginary "national wealth". Their cry is "what do they need that ( fill in the blank) for?"
They say is it not fair that while some live in poverty while others live in gated communities with good schools. And that is their rationalization for high tax rates and confiscation.
All that said, it is not the concept or collection of tax dollars which is at issue.
The real elephant in the room is the fact that politicians spend far more than government collects then cries foul and summarily demands more from us.
These people on Capitol Hill and at the state level have no concept of fiscal responsibility.
Now, everyone with half a brain is well aware that this Obama proposed tax increase will do little to increase revenue or close any spending gaps. The increase is clearly symbolic in that Obama needs to save face on the debt ceiling/ spending cuts. Obama HAS to get something in return. He also cannot publicly admit that his administration has blown out record spending numbers. In fact his administration has spent more that all other presidential administrations combined.
The majority of Americans have had it with out of control spending and arrogant unresponsive government. Those currently in office, regardless of party had better watch their backs because we will are tired of incompetence.
We're sick of the bullshit.

 

[MikeK]

The political Left does not see it this way. The Left sees taxation as means to get even with or punish those who those on the Left feel have enough or too have too much.

[...]

(Re-post)

Sexual deviants have difficulty understanding that others do not share their perverse inclinations. It's called subliminal projection.

The notion that those who are critical of excessive wealth are motivated by hate and envy, which is a common belief among water-carriers for the rich, is another example of projection -- in this case from an innately selfish and gluttonous nature.

They can't help it and their thinking cannot easily be altered. Best to ignore it.