Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
All that is true, but we have a $3.5 trillion annual federal budget, with only about half the working population paying significant federal income taxes and quite a few getting paid for being poor through the earned income tax credit.
With state income taxes, the percentage of people paying can be even smaller. For example, the top 1% of California earners paid almost half of all state income taxes according to the franchise tax board last time I looked. Most people paid zip.
We are reaching the point where half the people work to support the other half.
Your last sentence is misleading, and doesn't follow your argument. Even people with no tax burden are working, so they're supporting themselves and probably family. If you add "who are also working" to the sentence, it doesn't make sense.
From what you've written, you can conclude the top 1% support half the tax burden in CA, and therefore, the other half is supported by everyone else who pays. You can't conclude that one half of "the people" work to support the other half.
During the 2012 Presidential campaign, both Obama and Romney promised to save the middle class. An inquiring mind might ask, “Why does the middle class need saving?” As most of us know, if the government is promising to save you, you have already lost.
Today, taxes, debt, and inflation are the iron shackles that bind modern-day slaves.
There are two types of rich. One type of rich is people with high-paying jobs like CEO's, professional people such as doctors and lawyers, athletes. They are high-income rich. Government is also stealing from this group.
The other type of rich is the person who does not need a job to be rich. Most of these people are asset-rich, they have wealth, assets that produce income. This group controls their income and is able to set up to pay the least amount of taxes.
So move in the wilderness and build your own road; dig a sewer trench and drill for your water. No one is stop you but do not expect service unless you pay.
There are two types of rich. One type of rich is people with high-paying jobs like CEO's, professional people such as doctors and lawyers, athletes. They are high-income rich. Government is also stealing from this group.
The other type of rich is the person who does not need a job to be rich. Most of these people are asset-rich, they have wealth, assets that produce income. This group controls their income and is able to set up to pay the least amount of taxes.
Your last sentence is misleading, and doesn't follow your argument. Even people with no tax burden are working, so they're supporting themselves and probably family. If you add "who are also working" to the sentence, it doesn't make sense.
From what you've written, you can conclude the top 1% support half the tax burden in CA, and therefore, the other half is supported by everyone else who pays. You can't conclude that one half of "the people" work to support the other half.
They work to support the other half by paying the other half's share of our federal and state income taxes.
And they usually don't qualify for the social benefits those taxes pay for, while a large part of the non-paying half does qualify.
In the meantime, the non-paying half benefits from our national defense, interstate highways, etc.
They work to support the other half by paying the other half's shared of our federal and state income taxes.
They all work, so using the term is superfluous. Yes, tax burdens are shared disproportionately. Always have been. Everyone is working to support themselves.
Quote:
And they usually don't qualify for the social benefits those taxes pay for, while a large part of the other half does qualify.
The 1%, as you mentioned, qualify for all kinds of benefits that you and I don't. I don't feel sorry for them. Do you?
They work? LOL. Very few rich people got rich off the sweat of their brow. They got rich off of other peoples work generally.
Know who makes the most money? More then the top CEO's? Hedge fund managers. They push money around. They don't actually make anything productive for the most part.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.