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gas prices have nothing to do with obama or any former or future president it has to do with opec and the stuff that has happend in the ME and oil speculators that hack up the price if a region becomes unstable.
Oil speculators do NOT hack up the price of oil..
For every speculator betting the price of oil will go up, there is another one betting it will go down.. its a revenue neutral transation on the effect of oil..
considering the bottom 49% pay NOTHING, or close to nothing in federal taxes...
Stop lying. Everyone with a job pays Federal payroll taxes which are the taxes which make up 50% of all Federal revenue. I know you know that fact because you've been corrected multiple times yet you keep deliberately repeating the same falsehood so I am left believing you are deliberately lying.
The federal government would collect $183 billion less in 2011 and more than $2 trillion less over a decade than it would if Congress adopted President Obama’s tax proposals.
They don't know how much will come in because how much government receives is based on economic activity - and no one knows the future, who will win the next election and what changes in economic policies will take place.
The poorest 20 percent would pay 12.3 percent of their income more than what they would pay under the President’s proposal, while the richest one percent would pay 15 percent of their income less than they would pay under the President’s proposal.
The poorest 20% would not pay income taxes. So how will the pay more? Right now with the price increases on the basic necessities (due to QE1, QE2), they are already paying more. Gas is beyond double the price since Obama took office.
If we are not talking about a flat or consumption tax then we are still stuck with the same old unfair tax system. Until someone gets serious about a total tax system reform we will never solve the who's paying their fair share arguement.
Casper
Absolutely right. I used to be for the flat tax but now I'm leaning toward eliminating the income tax and having a national sales tax. That way everybody pays and everybody can control the level of taxes he or she pays by controlling their personal spending.
Stop lying. Everyone with a job pays Federal payroll taxes which are the taxes which make up 50% of all Federal revenue. I know you know that fact because you've been corrected multiple times yet you keep deliberately repeating the same falsehood so I am left believing you are deliberately lying.
and I have proved you WRONG everytime
I earn 60k a year and pay ZERO in federal income or PAYROLL taxes
most people who earn 50k or less pay NOTHING in federal income tax, and MANY get back MORE than they paid to include what wads payroll tax
I proved it with a complete run down of MY OWN 1040..in this other thread
seems you are too dense to understand that the bottom 50% pay only 3% of ALL income tax collected
Yours is a very interesting return, I must say.
You don't make very much money, you have a large business expense write off, a very large itemized deduction (as much as mine and I make 3 times more than you), and a very large deduction for dependents. It's really quite incredible.
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