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Old 02-14-2014, 04:42 AM
 
26,505 posts, read 15,084,039 times
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The bottom Quintile of income earners receive on average $9.62 in federal aid for every $1.00 they pay in ALL Federal taxes combined. The middle quintile averaged $1.19 in federal aid for every $1.00 they pay in ALL Federal taxes combined.

My wife and I help people with their taxes for free - almost all lower income families. Many of which get back thousands more than they pay in. Literally turning a sizable profit off of federal income taxes that would cover all their state and local taxes - with the net effect of paying nothing into the system.

I hear President Obama speak of "fair share" when it comes to the wealthy. What is the fair share of other groups?


Scott Hodge: Here's What 'Income Equality' Would Look Like - WSJ.com
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Old 02-14-2014, 04:46 AM
 
Location: Chicago
3,391 posts, read 4,483,590 times
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Quote:
Originally Posted by michiganmoon View Post
The bottom Quintile of income earners receive on average $9.62 in federal aid for every $1.00 they pay in ALL Federal taxes combined. The middle quintile averaged $1.19 in federal aid for every $1.00 they pay in ALL Federal taxes combined.

My wife and I help people with their taxes for free - almost all lower income families. Many of which get back thousands more than they pay in. Literally turning a sizable profit off of federal income taxes that would cover all their state and local taxes.

I hear President Obama speak of "fair share" when it comes to the wealthy. What is the fair share of other groups?


Scott Hodge: Here's What 'Income Equality' Would Look Like - WSJ.com
But the people in the bottom need more federal aid. Why is it surprising they get more?
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Old 02-14-2014, 04:48 AM
 
45,233 posts, read 26,457,645 times
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There is no such thing as a fair amount of theft.
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Old 02-14-2014, 04:52 AM
 
Location: North of Canada, but not the Arctic
21,148 posts, read 19,729,843 times
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How else would you suggest politicians buy votes?
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Old 02-14-2014, 04:54 AM
 
26,505 posts, read 15,084,039 times
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Quote:
Originally Posted by RogersParkGuy View Post
But the people in the bottom need more federal aid. Why is it surprising they get more?
I am just curious what "paying their fair share" is when not looking at the rich.

About 30% make a profit off of federal income taxes not including other aid.
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Old 02-14-2014, 04:56 AM
 
Location: On the Chesapeake
45,416 posts, read 60,608,674 times
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That guy over there who just bought a new _______________ should pay more because he's rich. I should pay less because I can't afford to buy a new ____________ like he just did.

Wait a minute, I'm the guy who just bought a new truck.
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Old 02-14-2014, 05:04 AM
 
Location: Sango, TN
24,868 posts, read 24,396,474 times
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If I pay 30%, you pay 30%.

That's fair
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Old 02-14-2014, 05:06 AM
 
Location: texas
9,127 posts, read 7,946,204 times
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Quote:
Originally Posted by michiganmoon View Post
The bottom Quintile of income earners receive on average $9.62 in federal aid for every $1.00 they pay in ALL Federal taxes combined. The middle quintile averaged $1.19 in federal aid for every $1.00 they pay in ALL Federal taxes combined.

My wife and I help people with their taxes for free - almost all lower income families. Many of which get back thousands more than they pay in. Literally turning a sizable profit off of federal income taxes that would cover all their state and local taxes - with the net effect of paying nothing into the system.

I hear President Obama speak of "fair share" when it comes to the wealthy. What is the fair share of other groups?


Scott Hodge: Here's What 'Income Equality' Would Look Like - WSJ.com
What would your share be if we had to pay off our Natianl debt?

The 1% would be saying the same of you.
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Old 02-14-2014, 05:23 AM
 
2,672 posts, read 2,718,914 times
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The two groups that dont pay taxes are SS recipients with low incomes and lower income people often familes claiming earned income tax credit and child tax credit. The figures get distorted when you "charge" SS, Medicare, Medicaid, EITC, etc. against every dollar each group pays in. Obviously retirees on SS and Medicare will distort what the lowest quintile pays in.
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Old 02-14-2014, 06:02 AM
 
Location: somewhere in the woods
16,880 posts, read 15,203,858 times
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Quote:
Originally Posted by Frank DeForrest View Post
There is no such thing as a fair amount of theft.


get rid of the federal reserve and then there will be no reason to have a 16th Amendment, then we can pair down the federal budget and get it back to where the people can keep most of their own money.
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