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Old 10-12-2011, 07:42 AM
 
Location: Land of debt and Corruption
7,526 posts, read 7,221,212 times
Reputation: 2845

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Quote:
Originally Posted by oz in SC View Post
The 47% figure is federal INCOME tax....
THANK YOU!!!
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Old 10-12-2011, 07:43 AM
 
Location: Charlotte
12,646 posts, read 13,924,898 times
Reputation: 1679
Quote:
Originally Posted by LetsRock View Post
Federal Income Tax paid comes from the box on your W-2. If you have credits or deductions that total more than that amount when you file your 1040 then you are paying ZERO.

Huh?
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Old 10-12-2011, 07:44 AM
 
Location: Charlotte
12,646 posts, read 13,924,898 times
Reputation: 1679
Quote:
Originally Posted by Dockside View Post
No dude. It's called DC lying to us. Put away your Latin phrase-book and notice how ticked off people are on the left and the right.

Clearly you're not paying attention.
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Old 10-12-2011, 07:47 AM
 
Location: Londonderry, NH
41,492 posts, read 51,426,259 times
Reputation: 24613
I want to have Social Security tax applied to all income from all sources for EVERYONE. I also want to see a 90th percentile deduction on Federal Income tax also based on all income from all sources. I want the greedsters to not only pay for my Social Security but to pay for operating the country and government they own and control.
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Old 10-12-2011, 07:49 AM
 
Location: Sacramento
13,784 posts, read 23,823,436 times
Reputation: 6195
I don't consider payroll tax to be in the same category as income tax.

Payroll tax in many ways, especially for lower income folks is actually more of an investment payment, for future specific long term benefits (medical insurance and payments in old age).

I've always thought lumping payroll tax with income tax was just a way for advocates to "muddy the water" concerning the tax fairness issues.
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Old 10-12-2011, 07:49 AM
 
66,569 posts, read 30,389,883 times
Reputation: 8688
Quote:
Originally Posted by oz in SC View Post
The 47% figure is federal INCOME tax....
Yep. And it's actually 51%. 51% pay no federal income tax.

Liberals aren't the sharpest tools in the shed...
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Old 10-12-2011, 07:50 AM
 
Location: Tyler, TX
15,202 posts, read 18,272,814 times
Reputation: 8032
Quote:
Originally Posted by walidm View Post
What percentage of Americans pays no federal taxes?



Note from the CBO:


Source
Source
Source (http://1.usa.gov/q7to6X - broken link)

Interesting. 10%
That's a big difference.
If you're going to take that tack then you have to also admit that Obama outright lied with his "if you make less than $250k, you won't see ANY of your taxes go up" campaign BS.

One of the very first things he did after being sworn in was to sign the SCHIP bill, which included the two largest tax increases in U.S. history - both of which hit the poor the hardest.



It's widely known and understood that the 53/47 numbers are referring exclusively to income tax. Everybody knows and nobody will dispute that there are other taxes, whether they're federal, state or local, that we all pay. Don't be so disingenuous as to expect us to take your troll thread seriously when everybody knows what those percentages are talking about.
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Old 10-12-2011, 07:51 AM
 
66,569 posts, read 30,389,883 times
Reputation: 8688
Quote:
Originally Posted by oz in SC View Post
Why do some insist on muddying the waters?

What percentage of eligible Americans end up having no federal income tax liability?
Answer: 51%
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Old 10-12-2011, 07:53 AM
 
Location: Londonderry, NH
41,492 posts, read 51,426,259 times
Reputation: 24613
It should be 90%.
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Old 10-12-2011, 07:54 AM
 
Location: Tyler, TX
15,202 posts, read 18,272,814 times
Reputation: 8032
Quote:
Originally Posted by GregW View Post
I want to have Social Security tax applied to all income from all sources for EVERYONE. I also want to see a 90th percentile deduction on Federal Income tax also based on all income from all sources. I want the greedsters to not only pay for my Social Security but to pay for operating the country and government they own and control.
I'm picturing a giant pitcher filled with an oversweetened, fruity children's drink... This pitcher walks and talks, and as it comes crashing through a wall of bricks made from foam, it's proclaiming, "Oh yeah!"
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