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Old 10-18-2011, 03:21 PM
C.C
 
2,235 posts, read 2,071,168 times
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Quote:
Originally Posted by postingMan View Post
I still don't understand why not paying income tax matters if people already pay other taxes. Income tax is not the only "real" tax. Non-smokers don't pay cigarette taxes. Are they a burden on cigarette smokers?
By that logic, why should anyone pay income tax?
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Old 10-18-2011, 03:26 PM
C.C
 
2,235 posts, read 2,071,168 times
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Quote:
Originally Posted by Wapasha View Post
Repeal the Bush tax cuts then. The Bush's tax cuts doubled the standard deductions, which took many people off the income tax roles.
Absolutely! Bush deserves a big share of the blame for the huge percentage that pay no income tax. But for reasons that escape me, today's libs are violently opposed to letting the Bush tax cuts expire!
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Old 10-18-2011, 03:29 PM
 
66,561 posts, read 30,379,078 times
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Quote:
Originally Posted by postingMan View Post
I still don't understand why not paying income tax matters if people already pay other taxes.
The federal income tax is the federal government's single largest revenue source. That's why it matters.
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Old 10-18-2011, 03:38 PM
 
75 posts, read 45,830 times
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And the group who pays income tax, I would assume, has the largest share of money, right? Would you be less offended if all income and payroll tax revenues went to the same general fund and were then randomly split up into Social Security, Medicare, defense, etc.?
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Old 10-18-2011, 03:43 PM
 
1,085 posts, read 1,586,557 times
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Quote:
Originally Posted by postingMan View Post
I still don't understand why not paying income tax matters if people already pay other taxes. Income tax is not the only "real" tax. Non-smokers don't pay cigarette taxes. Are they a burden on cigarette smokers?
Payroll taxes go to two things and two things only: Social Security and Medicare. The rest of federal discretionary spending, including a seemingly ever-increasing range of mandatory entitlement programs outside of Social Security and Medicare, are funded primarily by individual income taxes. Or borrowing, with the interest being funded primarily by individual income taxes and presumably, someday, the principal paid back primarily by individual income taxes.
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Old 10-18-2011, 03:44 PM
 
75 posts, read 45,830 times
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Quote:
Originally Posted by C.C View Post
By that logic, why should anyone pay income tax?
Maybe I should've been more specific... in the post you quoted, replace "not paying income tax" with "not being required to pay income tax."
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Old 10-18-2011, 03:47 PM
 
75 posts, read 45,830 times
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Quote:
Originally Posted by madpaddy View Post
Payroll taxes go to two things and two things only: Social Security and Medicare. The rest of federal discretionary spending, including a seemingly ever-increasing range of mandatory entitlement programs outside of Social Security and Medicare, are funded primarily by individual income taxes. Or borrowing, with the interest being funded primarily by individual income taxes and presumably, someday, the principal paid back primarily by individual income taxes.
Somehow I magically responded to your response right before you responded... look above and check it out ^^^^
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Old 10-18-2011, 03:47 PM
 
69,372 posts, read 55,536,220 times
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Quote:
Originally Posted by mmmjv View Post
NOBODY ever said that they shouldn't be contributing, and they are. There's a hell of a lot more then 51% that pays taxes
So if this 51% that pay NO income tax pay "enough", then why the hell are you demanding the other 49% that DO pay, pay more?

Furthermore, just like the other posters who failed math class, if you derive your income from the TAXPAYERS, and you pay a tax, are YOU paying that tax, or are the people who actually GIVE YOU money, paying it?
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Old 10-18-2011, 03:49 PM
 
69,372 posts, read 55,536,220 times
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Originally Posted by mmmjv View Post
Question, a multimillionaire has his tax lawyer do his taxes. Tax lawyer deducts all of the deductions this millionaire is allowed, including some that only a high priced tax lawyer would know of. The final amount the multi millionaire owes is taxable income minus deductions and that's what he pays. Did he pay his fair share?
Tell me about these top secret tax deductions that only lawyers know about, because last I checked, the tax code is available to EVERYONE.
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Old 10-18-2011, 03:51 PM
 
66,561 posts, read 30,379,078 times
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Quote:
Originally Posted by postingMan View Post
And the group who pays income tax, I would assume, has the largest share of money, right?
All but the top 5% pay LESS of a percentage in federal income tax than their share of the income. The top 5% are OVER-taxed according to their share of the income, with the top 1% paying nearly TWICE what their share should be.
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