A look at who actually pays the bulk of federal income taxes in the US.... (compared, money)
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.
Ahh and now we get to it. their "fair" share. what is fair? thats the question. So....
Fair would be that they get in exactly what they pay out. Guess what? the value of a functioning government is higher. Ohhh so lets say "equally apportioned". Why? I mean whats fair about taxing that which is needed to survive? Most people would rightly argue that taxing food, shelter, etc is unfair. it risks a persons survival. And lets be honest, the billionaire benefits FAR FAR FAR more then the little people.
Or would taxing be fair that each pays according to his abilities?
Or maybe we could use a civilized norm?
Get this, life isnt fair. I pay far more then the average person in taxes, its the price of living in a civilized society that doesn't tax that which is needed to survive.
More like the price you pay for not getting better investment advice
More like the price you pay for not getting better investment advice
Shrug. I have different spending and taxation requirements then most. I expect to do better in the future. But then, don't we all. I don't apparently make enough to afford the investment advice that the rich get. I think of this is the hump in income. Theres another one below me involving getting off the public dole and losing all assistance, theres another in front regarding being able to afford and use things like that.
"Average" folks have been removed from paying any federal income taxes and that has shifted the burden up and given them less of a stake in the federal government and federal government spending.
You might want to review the Simpson Bowles Commission report that talks about broadening the tax base, which means more people in the bottom 75% paying the federal income tax.
" Property taxes (with renters getting that credit),"
do you mean REAL ESTATE taxes?
"property taxes" can apply to anything, including "Personal Property".
Surely you aren't one of the foolish people who think that a real estate owner doesn't figure the real estate taxes into the amount he charges for rent?
As for the OP, this chart has been promulgated every tax season for years, and the same arguments for and against are always presented. Nothing ever changes.
Income tax only makes up 46% of the revenue for the US budget. The other 54% of the revenue may have a greater impact on lower wage earners. For example fica makes up 32% of the revenue and that impacts lower income earners much more than it does higher income workers.
You want to address the total tax burden which is not the point of this thread.
If you don't want to discuss FEDERAL INCOME TAXES then don't partake in this thread..plain and simple.
Ahh and now we get to it. their "fair" share. what is fair? thats the question. So....
Fair would be that they get in exactly what they pay out. Guess what? the value of a functioning government is higher. Ohhh so lets say "equally apportioned". Why? I mean whats fair about taxing that which is needed to survive? Most people would rightly argue that taxing food, shelter, etc is unfair. it risks a persons survival. And lets be honest, the billionaire benefits FAR FAR FAR more then the little people.
Or would taxing be fair that each pays according to his abilities?
Or maybe we could use a civilized norm?
Get this, life isnt fair. I pay far more then the average person in taxes, its the price of living in a civilized society that doesn't tax that which is needed to survive.
Is that like, to whom much is given, of him much will be required?
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.
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.
