Can Someone Tell Me How It's "FAIR" That 47% of American's Pay ZERO Federal Income Taxes? (revolution, party)
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How can anyone logically argue for the rich to "pay their fair share" of federal income taxes when in fact 47% of American's pay ZERO federal income taxes?
Yes, most people pay payroll taxes (Social Security, Medicare, etc). Those monies go to fund specific priorities, so there's no need for the obtuse to come forth and deflect. We're talking Federal INCOME taxes.....the money that goes to fund the public goods and services that we American's consume.
How is it "FAIR" that millions of a American's pay ZERO in light of the current class warfare schtick being pushed by the Left?
Where's the "fairness?"
Yep if you have no skin in the game...you don't care what the tax rates are.
It's simple. They package what would be their salary into a financial derivative, and they don't touch it for a year. I believe capital gains tax caps at 15%.
It probably should be illegal for people to engage in this sort of unethical behavior, but who's going to stop them?
It's still a moot point guys. This is a strawman argument and a half!
Most people aren't advocating for changing the tax structure to tax those relatively few dollars. The progressive tax system kicks in, forcing everyone to pay FIT, as it was designed to do. What needs to change is the deductions and credits that absolve the tax burden of these people. They need to have skin the game, just like everyone else. That's the point. All this blather about "Unless you can prove to me otherwise that 100% of Americans in fact do NOT pay federal income tax on their first few thousands of dollars" is 100% irrelevant. That's why I asked you if this "really" was your argument. No one is making this argument anywhere. Strawman indeed.
You are of a small minority of people who think these deductions and credits need to change. Won't ever happen, would be extremely unpopular.
Yes, that's the justification for progressive taxes. The first $20k are not taxed because you need that to survive. The next $20k is also essential, but not as much, so it's only taxed a little. And so on.
Surely you are familiar with the concept of margial utility of income, which holds that raising the income of poor people or poor countries will raise their well-being considerably, while an increase of equal amount for the rich will have comparatively little effect.
I don't mind a progressive system where the more you make, the more you pay up to a point. However, if you are saying that 47% don't pay ANY federal income tax, which is what it seems most stats show, and your numbers above are correct, that would mean 47% make less than 20K. I find that very difficult to believe. Are you just pulling numbers out of a hat to make an example? If not provide a link.
As I said, I don't mind it being progressive, but it shouldn't start at 0%. How about 1% for people making less than 10K, 3% for those making 15-20K, 5% for people making 50K, etc. It shouldn't be 0% for nearly half the people. If it is, they have no vested interest other than entitlements.
If you have a job in this country and receive a paycheck you have taxes taken out.
Every April when you file your taxes some people have to pay (more).
The 47% number do pay federal income tax it is just that every april they do not have to pay more - BECAUSE they get a small refund!
Everyone that works has to pay - no one is exempt from that FEDERAL TAX.
This thread makes it sound like 47% pay absolutely NOTHING EVER.
That is false and misleading to say the very least!
BS Alert.
.
You have in so completely wrong.
Once again, and Please try to pay attention.
47% of Americans who FILE INCOME TAX RETURNS, pay $0.00 (or less) in Federal Income Tax. They get all they depositied back.
To make matters worse, far worse, 80% of those who pay nothing in Federal Income Tax, not only pay nothing, but get a payment from other tax payers in the form of Tax Credits that exceed their tax bill. They get the difference in the form of a check.
So they pay nothing, AND get money from the government.
Example.
Suppose you deposit $1,000 in income tax over the year (withholdings by employer)
At end of year, your total tax is $800, but you also get tax credits of $500
Your total credits are as follows $1,000 in witholdings plus $500 in credits for a total of $1,500
Your Tax is $800, so you get a check for $700 ($200 in excess withholdings, and $500 in Tax Credits).
Read this several times, very slowly until you understand it completely
How can anyone logically argue for the rich to "pay their fair share" of federal income taxes when in fact 47% of American's pay ZERO federal income taxes?
Yes, most people pay payroll taxes (Social Security, Medicare, etc). Those monies go to fund specific priorities, so there's no need for the obtuse to come forth and deflect. We're talking Federal INCOME taxes.....the money that goes to fund the public goods and services that we American's consume.
How is it "FAIR" that millions of a American's pay ZERO in light of the current class warfare schtick being pushed by the Left?
Where's the "fairness?"
Here are the facts:
Half of that number make under $26,400 for a family of 4 and don't pay taxes because of the exemptions. So a family of 4 making 26K needs to pay more?
22% of that number are retirees collecting social security. The old folks need to pay more?
Single parents make up the third-largest portion of that 47%. So you want them to pay more?
I would also like to point out these people do pay federal taxes when they buy an airline ticket, gasoline, pay their cable bill and wireless bill, etc.
Half of that number make under $26,400 for a family of 4 and don't pay taxes because of the exemptions. So a family of 4 making 26K needs to pay more?
22% of that number are retirees collecting social security. The old folks need to pay more?
Single parents make up the third-largest portion of that 47%. So you want them to pay more?
I would also like to point out these people do pay federal taxes when they buy an airline ticket, gasoline, pay their cable bill and wireless bill, etc.
Everyone must pay something, their fair share. Poverty is no excuse, age is no excuse. Spawning is no excuse. You use the word "more" when you know they pay nothing!!! Shame on you.
So people who are paying nothing or less in income tax are buying airline tickets, have cable TV and Wireless. Seems like your priorities are BASS ACKWARDS. If they have money for flying, and watching TV and Cell, they can pay taxes, just like the grownups do.
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