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Yes, and everyone else pays income taxes...while the rest of us pay a much larger amount in income taxes. So what if the tax rate goes up on the middle class.....it would be better than asking folks at the high end to pay a greater % and total dollar amount.....
Lets see....
Family on 60K income
Little if any income taxes
SS tax of 3,600 (6.2%) - which is given back
Medicare - 850 (1.45%)
Govt services for this?
Family on 300K
Incomes taxes following deductions - (25%) = 75,000
SS Tax of ~ 7,000 (6.2%)
Medicare - ~ 4,000
So, an average family would pay less than 4,450 for Govt services and a high earner (on the low end) would pay 86,000. How is this fair?
You have no validity in your argument....very little skin in the game....
So in essence what you are saying is only what is best for the rich should count, screw everyone else....
So in essence what you are saying is only what is best for the rich should count, screw everyone else....
Paying the same tax rate doesn't screw anyone. Earn little; pay little. Earn more; pay more. The higher earners would be paying A LOT more than the middle class. Which is the higher dollar amount? x% of $40,000 or x% $400,000? The $400,000 earner would be paying 10 times as much tax.
Paying the same tax rate doesn't screw anyone. Earn little; pay little. Earn more; pay more. The higher earners would be paying A LOT more than the middle class. Which is the higher dollar amount? x% of $40,000 or x% $400,000? The $400,000 earner would be paying 10 times as much tax.
Its raising taxes on the middle and working class in order to cut taxes on the wealthy.
First let me state that income taxes are only part of everyone's tax burden. but if we want to look just at them, and see what income levels have no income tax liability, the figures from the Urban Brookings Tax policy center should be enlightening.
[tax units are filing units - families, singles whatever]
As would seem logical, those earning the least have the highest percentage of of units who have no tax liability. But then, of people earning over 1 Million, 1.5% have no tax liability. Gee.
42.9% of the total units with no tax liability earned $50,000 or more.
36.7 % of people earning over 50K a year have no income tax liability.
The further breakdowns address those results by filing status -- elderly, head of household etc.
So in essence what you are saying is only what is best for the rich should count, screw everyone else....
That is not what I said...I want others who recieve Govt services to pay for some of the services they recieve, and for people to stop playing class war fare and asking high earners to pay such a disproportional part of the tab...
Yes, and everyone else pays income taxes...while the rest of us pay a much larger amount in income taxes. So what if the tax rate goes up on the middle class.....it would be better than asking folks at the high end to pay a greater % and total dollar amount.....
Lets see....
Family on 60K income joint rate = 25%
Little if any income taxes - IF they get all credits and deductions - without knowing the circumstances you would have no idea. 16.8% of married filing jointly with income between 60-75K have no federal income tax liability
SS tax of 3,720 (6.2% on 100% of their income) - which is given back
Medicare - 870 (1.45% )
Govt services for this?
Family on 300K joint rate = 33%
Incomes taxes following deductions - (25%) = 75,000 - without knowing circumstances you have no idea. 7.1% of joint filing between 200-500K have no federal income tax liability
SS Tax of ~ 6621.60 (6.2% on the 1st $106,800 of their income [35.6%])which is given back
Medicare - ~ 4350 - (1.45%)
Govt services for this?
So, an average family would pay less than 4,450 for Govt services and a high earner (on the low end) would pay 86,000. How is this fair?
If we are giving the 300K family an 8% write-off on their federal tax rate, and a 60K family a 100% write-off it's just not borne out by reality.
Those who earn under $106,800 pay a higher proportion of their earnings in payroll taxes. Those who earn more pay a higher proportion of their earnings in income taxes. Throw in federal sales and excise taxes, many economists figure we all pay, in total taxes - not just income - an effective rate of 20% -- provided we pay them. Higher income earners have more access to means of avoiding reporting taxable income than someone earning $30K a year.They pay a lower proportion of their income on most taxes other than income.
How come the govt wants to raise taxes for low income 50% 10% to 15% but will not raise tax rate on the rich 50% rate will go to 33%to 39%?
That is just voodoo math...
You can also phrase it like this. How come the poor get to pay $1000 while the rich get to pay $100,000? Personally I think EVERYONE should pay a flat tax of 50%. Poor people should have less kids.
That is not what I said...I want others who recieve Govt services to pay for some of the services they recieve, and for people to stop playing class war fare and asking high earners to pay such a disproportional part of the tab...
Well that would be the result of the policy. The poor and middle class would get screwed in order to benefit the rich.
Its raising taxes on the middle and working class in order to cut taxes on the wealthy.
No. The example I just gave showed one person paying 10 times the taxes the other person paid.
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Who Makes up the 47?
