U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-12-2011, 12:32 PM
 
Location: Sarasota FL
6,860 posts, read 9,300,993 times
Reputation: 6570

Advertisements

I'm shocked!! Does this mean I shouldn't believe all the statistics that the IRS posts every year as to how many people are paying taxes, the amounts they are paying, what percentages each income bracket pays and what groups ARE NOT PAYING ANY INCOME TAXES?
The IRS lies every year? Or should I believe suggested estimates from people who lied about what Obamacare is going to cost?
Reply With Quote Quick reply to this message

 
Old 10-12-2011, 12:34 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,347 posts, read 14,059,178 times
Reputation: 6516
Quote:
Originally Posted by jimhcom View Post
The money has been stolen and diverted to the general fund, what about that do you not understand.?
and???

the money from the gas tax, goes directly into the general fund too,,not the DOT fund

facts are facts...'about' 50% of the bottom earners pays nearly nothing in federal income taxes... and of those 50... over 15% pay nothing in either federal income or payroll taxes...infact 10% gets back MORE than they paid in in TOTAL wage taxes.
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 12:41 PM
 
75 posts, read 45,818 times
Reputation: 27
Quote:
Originally Posted by shorebaby View Post
Yikes, if I understand this correctly 10% of Americans pay no tax of any kind (except sales tax). That is unbelievable. So 47% of Americans pay no income tax and 10% pay no taxes of any kind. And these free loaders are whining about the 1%?
Sales tax is a "kind" of tax.
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 12:47 PM
 
Location: Hoboken
19,891 posts, read 16,326,616 times
Reputation: 3123
Quote:
Originally Posted by postingMan View Post
Sales tax is a "kind" of tax.
Lol, of course that's what I wrote. Additionally these folks are receiving wealth transfer ( welfare) that offsets any sales tax they may pay.

I'm sure you think this arrangement is just swell, most sane people disagree.
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 12:48 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,347 posts, read 14,059,178 times
Reputation: 6516
Quote:
Originally Posted by postingMan View Post
Sales tax is a "kind" of tax.
but it is NOT a federal tax...it is a state and/or local
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 01:22 PM
 
75 posts, read 45,818 times
Reputation: 27
Quote:
Originally Posted by NewToCA View Post
The difference is that one provides a specific potential benefit to the individual paying the tax.

A payroll tax is kind of like funding an insurance policy, with specific benefits that will be ultimately received by the payee. Medicare is the same for individuals no matter how much they contributed to the fund, so lower income folks reap a significant advantage here. Social Security is heavily tilted towards providing a higher percentage of payouts to lower wage contributors.

This retirement benefit calculator shows how this works at normal retirement age:

An individual who averaged $25K a year in income receives a monthly benefit of $860

An individual who averaged $75K a year in income receives a monthly benefit of $1745


So, even though the individual making $75K has contributed 3x the amount to the fund, they only get slightly more than 2x the benefit.


Social Security - Estimated Payments Chart


This is an example of why I believe those who add the payroll tax issue to the income tax discussion aren't making legitimate comparisons.
I think you're getting a little too theoretical... if you combined income and payroll tax revenue into one big pot and divvied up benefits according to income when people got old, you could create a system where the effects for taxpayers and beneficiaries would be exactly the same as they are now, with or without the existence of mandatory Social Security and Medicare "insurance premiums." Besides, if the government spending more for your benefit than you pay in taxes makes you a non-taxpayer, then it seems impossible that anyone with a below-average income will ever "pay taxes" by that definition.

Last edited by postingMan; 10-12-2011 at 01:52 PM..
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 01:25 PM
 
66,544 posts, read 30,358,972 times
Reputation: 8685
Quote:
Originally Posted by jimhcom View Post
The money has been stolen and diverted to the general fund, what about that do you not understand.?
Um... what does that have to do with the FACT that SS contributions and benefit payments are capped, while Medicare's are NOT?
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 01:26 PM
 
66,544 posts, read 30,358,972 times
Reputation: 8685
Quote:
Originally Posted by d4g4m View Post
I'm shocked!! Does this mean I shouldn't believe all the statistics that the IRS posts every year as to how many people are paying taxes, the amounts they are paying, what percentages each income bracket pays and what groups ARE NOT PAYING ANY INCOME TAXES?
The IRS lies every year? Or should I believe suggested estimates from people who lied about what Obamacare is going to cost?


Good one.
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 01:30 PM
 
Location: Pa
20,310 posts, read 19,470,947 times
Reputation: 6523
I would dispute the CBO's numbers. Unemployment is at 9+% that tells me any of these long term unemployed are actually paying nothing and getting a fat return of likely more than they paid in while working.
Reply With Quote Quick reply to this message
 
Old 10-12-2011, 01:49 PM
 
75 posts, read 45,818 times
Reputation: 27
Quote:
Originally Posted by shorebaby View Post
Lol, of course that's what I wrote. Additionally these folks are receiving wealth transfer ( welfare) that offsets any sales tax they may pay.

I'm sure you think this arrangement is just swell, most sane people disagree.
That is what you wrote (at first), but the whole post was kind of like, "There aren't any plants in this room except for those plants in the corner. It makes me mad that there aren't any plants in this room."

Last edited by postingMan; 10-12-2011 at 02:12 PM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 08:50 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top