How much we really pay in taxes? (solution, government, support)
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Yep. Marginal tax rates, and tax deductions and refundable tax credits that are phased out at higher income levels. Not all taxpayers are treated equally. There's BLATANT discrimination in the U.S. tax code.
No, I have no idea why they are forced to pay a share of the taxes that are MULTIPLE TIMES their share of the earnings.
SMH.
Here it is we have a progressive income tax code. conservative elected officials have not changed this.
conservative elected officials have relentlessly pursued income tax cuts for high income people, but in order to sell those income tax cuts, they have lowered the income tax burden of lower income Americans.
conservatives can't sell lower income tax rates only for high income Americans this forces them to give everyone income tax relief.
Also, the Republican party created the earned income tax credit with the express purpose of eliminating low income individual's income tax burden. It is called a negative income tax. Look it up, created by the Nixon administration and expanded under Reagan endorsed by economist Milton Friedman
Those aren't the only reasons, the other reason is that because we have a progressive income tax and because low income Americans are getting less of the total share of the nation''s income, that automatically means they will pay less of the income tax.
Do you understand why that is the case?
This also works in the reverse because higher income individuals are getting more of this nation's total income that means their income tax burden will increase because we have a progressive income tax which again conservatives have not proposed to change.
It is very important to point out that the tax burden for all Americans are at 60 year lows.
"Benefit" most? As if it requires no effort on their part? Who are you trying to fool?
Yes. You have time and again failed to acknowledge that the government works hardest and for the pleasure and benefit of the wealthy. From the use of American military for "resource protection," to entire governmental apparatuses designed to regulate, insure and protect finance and business confidence.
At this point, it's a "you're either blind or stupid not to know this" kinda thing.
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Originally Posted by InformedConsent
Could. Conjecture only.
Hey, you're the one posting a link and citing sources from 2009. It's three years on. Cite something more recent.
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Originally Posted by InformedConsent
As does every income earner, INCLUDING those who earn high incomes. Moot point.
Social security tax is only taxed up to the first 110k in income. Thus, lower income people actually pay a greater percent of income in payroll taxes.
Payroll taxes finance Social Security and provide some financing for Medicare. The Medicare tax applies to all earnings at the same rate. But the Social Security tax applies only to earnings below a threshold, which stood at $106,800 in 2010. And neither tax applies to investment income. As a result, upper-income households pay a smaller share of income in payroll taxes.
Not to mention:
State and local governments impose the same property and sales tax rates on everyone without regard to income. Even after the housing crash, the rise in housing prices since 1980 has outpaced income growth for most households, increasing the burden of property taxes. And lower-income households spend a larger share of income than other households, incurring sales taxes.
Again, payroll taxes are paid by ALL income earners INCLUDING high income earners. Moot point.
This year my mother who makes about 30k/year will pay payroll taxes on ALL of her income, while I only pay on the first $106k.
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Originally Posted by InformedConsent
Once again, and indisputably so, the blatantly unfair discrepancies are found within the Federal Income Tax liabilities data.
Capitalism is blatantly unfair. Life isn't unfair. Deal with it.
High earners who AREN'T whiny little ninnies enjoy the fact that they have high enough incomes that they have to pay taxes.
There is no paradigm in which lower income workers have a better life than higher income earners because they "don't pay taxes" vs. higher earners who DO pay taxes.
I own a business and and pay fuel tax, you pay for that tax. You don't know it because it's hidden in the cost of the product. Ultimately the end consumer pays all taxes.
Hidden, Lol I think everyone is aware that there are taxes on gasoline.
To calculate taxes in this manner is literally meaningless and doesn't tell you anything at all about your tax burden.
Conservatives have to stop lying to the public or making these irrational connections. It doesn't help.
conservatives can't sell lower income tax rates only for high income Americans this forces them to give everyone income tax relief.
That makes no sense. The majority of income earning Americans pay no federal income tax already. How can someone who pays no federal income tax get income tax relief?
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...we have a progressive income tax and because low income Americans are getting less of the total share of the nation''s income, that automatically means they will pay less of the income tax.
Okay, then have everyone pay a federal income tax commensurate with their income group's share of the nation's total income. That way everyone pays their fair share.
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This also works in the reverse because higher income individuals are getting more of this nation's total income
And again, have everyone pay a federal income tax commensurate with their income group's share of the nation's total income. That way everyone pays their fair share.
Hidden, Lol I think everyone is aware that there are taxes on gasoline.
To calculate taxes in this manner is literally meaningless and doesn't tell you anything at all about your tax burden.
Conservatives have to stop lying to the public or making these irrational connections. It doesn't help.
The fact that you pay about $.50/gal in taxes is meaningless ?
I guess that's why you think the OP's story is made up.
Unless you have it on a tax form and in a table, it doesn't count and is meaningless ?
Taxes like that are totally meaningful to your total tax burden.
Hidden, Lol I think everyone is aware that there are taxes on gasoline.
When the average person buys a refrigerator how many of them know they are paying a fuel tax?
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To calculate taxes in this manner is literally meaningless and doesn't tell you anything at all about your tax burden.
No it isn't meaningless because the point is that most people are not aware of how much these hidden taxes amount too. Let's suppose we eliminate all business taxes, the cost of the product will drop. The government needs to make this up somewhere and a national sales tax would be the obvious solution, do you think that low income person would consider it meaningless if they are paying 20% tax on product?
That makes no sense. The majority of income earning Americans pay no federal income tax already. How can someone who pays no federal income tax get income tax relief?
Okay, then have everyone pay a federal income tax commensurate with their income group's share of the nation's total income. That way everyone pays their fair share.
And again, have everyone pay a federal income tax commensurate with their income group's share of the nation's total income. That way everyone pays their fair share.
Smh You really don't know what you are writing about do you?
Every time you cut income tax rates without decreasing or changing deductions, you are automatically eliminating the income tax burden for lower income Americans.
Do you not see this? And if the conservatives purposed to lower income tax rates and then said we are going to change the deductions so that lower income Americans don't get a tax cut and by the way many middle class Americans won't either, then tax cuts just for the top 25% of wages won't be popular.
First we have a progressive income tax. As a nation we have had a progressive income tax for many decades. President Reagan supported the idea of the wealthy and high income earners paying more in income taxes.
Your idea would result in a huge tax increase on low income Americans. It would literally push millions and millions of families into poverty, in which they would then get government services because they are now in poverty. It is a horrible idea.
Hey, you're the one posting a link and citing sources from 2009. It's three years on. Cite something more recent.
The IRS is notoriously behind in posting data as it takes time to aggregate totals. The IRS has no current data published .
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Social security tax is only taxed up to the first 110k in income. Thus, lower income people actually pay a greater percent of income in payroll taxes.
Likewise, Social Security benefits are also capped. And it's a proven fact that higher income earners lose the most on Social Security. That has been true since the mid-1990s. Is Social Security still a good deal for workers?
The Medicare tax is paid on all earned income. So all income earners are equally impacted by the tax
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State and local governments impose the same property and sales tax rates on everyone without regard to income. Even after the housing crash, the rise in housing prices since 1980 has outpaced income growth for most households, increasing the burden of property taxes. And lower-income households spend a larger share of income than other households, incurring sales taxes.
Because income is not taxed in those instances. Value is taxed. Solution: match your housing and spending levels to your income level.
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Capitalism is blatantly unfair. Life isn't unfair. Deal with it.
I agree. And I would "deal with it" if liberals would agree to stop trying to artificially "level the playing field."
The fact that you pay about $.50/gal in taxes is meaningless ?
I guess that's why you think the OP's story is made up.
Unless you have it on a tax form and in a table, it doesn't count and is meaningless ?
Taxes like that are totally meaningful to your total tax burden.
First, I don't believe it is that made up number. Nor the made up stats.
You really aren't thinking this through, but I am not surprised.
Calculating a person's tax burden this way is literally meaningless. Just attempt to think why it would be meaningless.
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