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There'd be less need for a higher minimum wage if the US would grow a pair and, seriously go after and DEPORT any illegal alien found. THAT would push up wages real fast. Not all jobs can be outsourced or done by robots.
These people often pay a lot, just not directly to government. For example, rental property is taxed at higher rates than owner-occupied homes in most states, so they are paying a lot of excess property taxes. In one place I lived, property taxes represented 40% of the rent. And where would these people get the money to pay more in direct taxes? More than half my income is consumed by rent, I already gave at the rent office.
You do love to twist things around.
A tenant does NOT pay property tax.
Unless you are allowed to look at your landlord's books, you have NO idea what percentage of your rent is tax, mortgage, upkeep, etc.
Rental property does not have a tax exemption because they are a business.
The market decides your rent. Taxes, mortgage, insurance, upkeep, repair - they all must be paid, but the market makes the ultimate decision. That's why you don't have wildly varying rents, otherwise that rental that's paid off would be cheaper, the house that's upside down would be higher.
How much you choose to pay for rent is all on you, and a result of your living situation. When I rented a house (3 years ago) it didn't even come close to comprising half my income.
The Left love the word, "subsidize," unless it's the wealthier citizens subsidizing the slothful. You've heard their claim, that businesses are "subsidized" by the government's welfare payments [transfer payments] to low wage employees. However, they will never call unfairly taxing the "rich" more to pay for this welfare what it truly is.
How much are you proposing to hike the taxes for low income earners?
Are you calling for a complete elimination of the social safety net programs? That is 12% of the budget.
That doesn't make sense. FY 2011 spending on federal means-tested programs for the low-income was $746 billion according to the Congressional Research Service:
[scribd]110366590[/scribd]
Unless you are allowed to look at your landlord's books, you have NO idea what percentage of your rent is tax, mortgage, upkeep, etc.
Rental property does not have a tax exemption because they are a business.
The market decides your rent. Taxes, mortgage, insurance, upkeep, repair - they all must be paid, but the market makes the ultimate decision. That's why you don't have wildly varying rents, otherwise that rental that's paid off would be cheaper, the house that's upside down would be higher.
How much you choose to pay for rent is all on you, and a result of your living situation. When I rented a house (3 years ago) it didn't even come close to comprising half my income.
If my landlord doesn't pay property taxes with my rent money, he's an idiot.
To me its strange that the OP is complaining that people and families earning under 50K/yr need to pay more in taxes. No the people who benefit the most should have a higher rate. More tax brackets above 500K need to be created. Those who make the most have the ability and the knowledge to earn more and get even better returns.
I have learned in my life that tax rates do not stop me from working, I started with nothing and made a lot. I will continue to earn as much as possible. Human nature.
Someone may have already noted this, but when it comes to state and local taxes the poor pay twice as much as the wealthy.
The bottom 40% are compensated for that by having negative effective federal income tax rates. Here's the average effective TOTAL federal tax rates each income group pays (note that it includes, payroll, corporate, and estate taxes):
" *Individual income tax rates for the lowest and second lowest quintiles are negative and are netted against the payroll tax rate. A quintile is one fifth of the population. Calculations assume that employees also pay the employer portion of payroll taxes in the form of reduced wages. The breaks are (in 2013 dollars): 20% $24,191; 40% $47,261; 60% $79,521; 80% $134,266; 90% $180,482; 95% $261,471; 99% $615,048; 99.9% $3,170,865."
PUNISH AND JAIL EMPLOYERS who fail to follow the LAW and E VERIFY their employees
if the employers faced jail time they would not employ illegals and the
( MITT ROMNEY) would self deport
Im 100% on board with this. Jail time for those knowingly employing illegals, with e-verify being required. The failure to pass a law such is this is 100% indicative of who actually is running our government.
What you're saying is that the bottom 60% should have the highest tax rates.
Sigh What nonsense. Seriously, lets have a honest debate ok? Defense represents more then 10% of our spending.....looking at your chart its obvious that somehow....the bottom quintile gets more of a benefit then the top one by a factor of what? 99%?
thus...its obvious that your embedded linkage is based upon a faulty premise.
Lets argue with reality, not cherry picked nonsense OK?
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