if you play poker you may realize that those with more money on the table, generally have an advantage in gaining even more money.......same with an economy......
so the rich should pay more in taxes
also because history has shown that the government, no matter how much certain pols claim they want to cut...doesnt get cut.........so at least tax the rich enough so that we can pay down our debt and not become like greece.
This is a rhetorical question, you do realize we who do pay taxes cut refunds to individuals who don't pay a dime?
If you want to balance the budget realize this is one of the problems, tell me what the percentage and amount is of non tax paying citizens and I'll bet you lunch we can balance the budget...
not sure where your going with this...the least wealthy often dont make enough to pay INCOME taxes...but taxing them more would be foolish since you cant squeeze blood from a turnip as they say.
What he's trying to point out, is that those at the lowest end, have a negative income tax rate. Not only are they not contributing to the upkeep of this country in taxes, but they are actually getting money back.
Now this is one of those "Depending on your perspective" type arguments.
If you count Social Security as a tax, then no one avoids paying tax.
But then you would have to conclude that Social Security is one of the most horrific anti-poor taxes on the planet.
However, if you do not count Socialist Insecurity as a tax, then there are tons of people who get money BACK from the government.
They have a negative income tax rate. They actually get more money from the government in refunds, than they have withheld in taxes.
His point is that we could balance the budget much easier, if we simply had everyone paying the minimum tax.
Or at the very least, if we were not paying people back, more money than they have withheld.
Having a tax rate of ZERO, would be a step above, a negative rate.