Forty Percent Pay No Taxes????

[ferdy024]

Therefore we should give those who ride in the wagon higher wages so they can afford to pay those taxes also? How about that? The reason they don't pay the same taxes is because they hardly earn enough to keep food on their table. Duh!!

[Katarina Witt]

Originally Posted by mrstewart

That is not necessarily true... there are some states with no sales tax, personal property tax, etc.

There are few states that have none of the above. In fact, there are only a few states w/o a sales tax. Delaware and Oregon are the two that I can think of right off the bat, I believe there are several others. Most states w/o a sales tax rely heavily on property taxes, which you pay in rent unless you live in a govt. owned housing project. Anyone who buys gasoline pays gas tax.

[justNancy]

Originally Posted by Anonymous Political Junky

The stimulus were NOT credit on next year's taxes. That is not true at all. And people who did not pay taxes did get them. I know this because my parents are both retired and on social security and they don't normally file tax returns but did to get their check. They got their check and so did plenty of others out there. The person you replied to has no idea what he is posting about.

Just going through the comments on this thread. Yes, you are correct. I told some people on soc sec to apply, even if they didn't file in 2007. They were very thankful, since they didn't realize they were eligible.

[goldengrain]

Originally Posted by TomDot

From the IRS

For Tax Year 2006
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1% $388,806 39.89%
Top 5% $153,542 60.14%
Top 10% $108,904 70.79%
Top 25% $64,702 86.27%
Top 50% $31,987 97.01%
Bottom 50% <$31,987 2.99%
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service


The bottom 50% of the wage earners in this country pay less than 3% of all taxes collected

Figuratively speaking:
In this country, for every two people who earn a paycheck, one person pulls the wagon while the other person rides in the wagon.

Yes, but if you had the actual AMOUNT paid by each of these groups, you would see the poorer you are, the greater percent of your money goes to taxes.
The rich can only spend so much on housing and food, clothing and luxuries. Most of their income is invested. They don't need or see it.

The less fortunate do without in order to have the roof over their heads and food and medical care. Sometimes they forego medical care. They pay taxes, too, but they often make sacrifices to do so.

Now, if you want to talk about responsible parenting and not having more than one kid if you cannot afford to rear them properly or if you are accepting welfare, I will understand.
I do object tarring a whole group of people with one brush, though. I also believe a healthy democracy is dependent on upward mobility. That has stopped under Bush. In fact, we are regressing into banana republic mode, with a few very wealthy and the rest in poverty.

That is a situation ripe for revolutions.
We, in America, do NOT want that style of life.
None of us do.
Not me, not you.

[TnHilltopper]

Originally Posted by goldengrain

I was listening to a McCain speech the other day and he said 40% of Americans pay no taxes.

Is this true?

Who do those 40% consist of?

Is he counting all of our children? It would seem so.

Interesting little tid bit

Study says most corporations pay no U.S. income taxes

Study says most corporations pay no U.S. income taxes | U.S. | Reuters

Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.