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Old 12-12-2013, 07:43 AM
 
1,143 posts, read 901,946 times
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So much for the left's "BS" accusation the well off aren't paying their fair share.

The rich do not pay the most taxes, they pay ALL the taxes
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Old 12-12-2013, 07:48 AM
 
Location: The Lone Star State
8,031 posts, read 7,633,779 times
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The link is from CNBC. I guess leftists won't be able to attack the source...
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Old 12-12-2013, 07:55 AM
 
267 posts, read 191,527 times
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That is scary that the bottom 40% are actually getting back so much money on their income tax payments. I don't have an issue with the top 5 % paying 95% of the taxes if they are also making 95% of the income, but I do think it's wrong that there are people who actually get a bigger refund than the taxes that they pay. Especially considering that appears to be the case for such a significant part of the country.
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Old 12-12-2013, 07:58 AM
 
40,106 posts, read 24,350,113 times
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I pay taxes, and I'm certainly not rich.
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Old 12-12-2013, 08:00 AM
 
Location: Wisconsin
7,215 posts, read 7,908,402 times
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Sounds like you are talking about strictly federal income tax. There are many other forms of taxation, many of which even the poorest people, pay.
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Old 12-12-2013, 08:10 AM
 
Location: Great State of Texas
86,093 posts, read 72,489,649 times
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Quote:
Originally Posted by MaseMan View Post
Sounds like you are talking about strictly federal income tax. There are many other forms of taxation, many of which even the poorest people, pay.
But the Fed is the one that funds the 83+ means tested programs.
States chip in some for their state residents but the bulk comes from the Fed.
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Old 12-12-2013, 08:11 AM
Status: "Trump: Inept, Incompetent, Insecure" (set 2 days ago)
 
10,513 posts, read 6,202,512 times
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Quote:
Originally Posted by DC at the Ridge View Post
I pay taxes, and I'm certainly not rich.
Agreed. I paid some $28,000.00 in Federal income tax last year (joint filing) on total income of some $140,000.00. Hence, a statement that the 'rich' pay 'all the taxes' is false (as any thinking person would realize).
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Old 12-12-2013, 08:12 AM
 
4,414 posts, read 3,355,491 times
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This says that the top 40% of wage earners pay 106% of income taxes.
You only need to earn $32,000 a year to be in the top 40% of income earners in the United States. Heck, only 25% of people in this country have incomes of more than $50,000/year. Does CNBC and OP seriously consider a $15/hour wage "wealthy?"


This has got to be one of the most ridiculous things I've read all week. And wow, the comments section on CNBC makes the posters around here seem like geniuses.

Last edited by Mr. Mon; 12-12-2013 at 08:24 AM..
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Old 12-12-2013, 08:13 AM
 
8,399 posts, read 5,305,325 times
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Quote:
Originally Posted by gretsky99 View Post
So much for the left's "BS" accusation the well off aren't paying their fair share.

The rich do not pay the most taxes, they pay ALL the taxes
This is an absurd argument that I fail to understand when conservatives make it over and over and over and over again.

First off, that story isn't about all the taxes the federal government collects, it is only about the income taxes the federal government collects.

The sources of revenue of the federal government are payroll taxes(which everyone pays and is extremely regressive), income taxes, corporate taxes, excise taxes, and other.

This weird understanding by conservatives that only income taxes count when discussing taxes is very illogical.
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Old 12-12-2013, 08:18 AM
 
39,225 posts, read 20,350,186 times
Reputation: 12743
Quote:
Originally Posted by MaseMan View Post
Sounds like you are talking about strictly federal income tax. There are many other forms of taxation, many of which even the poorest people, pay.
So you don't think the rich pay the other taxes? The rich, do pay the other taxes too. The "so called rich" who are also small business owners also match your payroll taxes.
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