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I guess your source doesn't really know a lot about taxes, in that when we talk about federal income tax we are talking about the highest tax of all. Your source is attempting to misinform in that state taxes and federal taxes just aren't the same thing. These words are pure misinformation that people like you take to heart as truth
That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.
I find that all the taxes mentioned here are less than what I pay in federal income taxes. How about you?
Medicare- 484 billion (this is above and beyond the contributions of the FSMI trust fund, the actual spending is nearly 270 billion more)
SS- 778 billion (actual spending is about 200 billion more without contributions from the trust fund)
Pensions for Federal employees (not military veterans)- 127 billion
(notice the two things people ***** about the most, cash welfare payments and section 8, dont even come to 1/3 of what we spend on retired federal employees a year, even if you add in food stamps, it just barely surpasses retired federal employees)
So, lets see, our yearly spending on old people comes to
1.959 trillion
Our yearly spending on people with low incomes?
478.5 billion (which is less then we spend in medicare ALONE, even AFTER the trust fund contributions)
We spend 160 billion a month on old people. At that rate, old people would have spent the entire amount we spend on poor people in 2.99 months.
Again, if you want to know who is sucking out all "your tax dollars" and you dont want to blame the DoD, instead of blaming "welfare queens", you can turn your head towards Granny Beatrice, because her never ending quest to stay alive 3 more weeks is costing us a fortune.
I sure hope you aren't on the Obama death panel when I am close to 3 weeks from death. Oh yeah, you folks are all the same. No wonder you like Obama so much.
The top 10% of earners (those earning $113,799 or more) paid 69.94% of federal taxes and earned 45.77% of AGI. As said, those numbers come down significantly when state and local taxes, which are highly regressive, are added.
Note that the bottom 50% of taxpayers only earn 12.75% of national income -- this is the group the GOP wants to skin.
Actually the latest figure is 49.5% that pay no taxes. You and I both know the reason. The 49.5% who are deadbeats make up 85% of the Democrat voter base.
I sure hope you aren't on the Obama death panel when I am close to 3 weeks from death. Oh yeah, you folks are all the same. No wonder you like Obama so much.
I actually dont like Obama, guess thats where assuming gets you.
By the way, no need for death panels. Cut SS and Medicare off at 15 years of draw, everything else should work itself out.
Actually the latest figure is 49.5% that pay no taxes. You and I both know the reason. The 49.5% who are deadbeats make up 85% of the Democrat voter base.
Now that would be interesting to research. Since 23% do not have income in excess of the standard deduction and personal exemption(s), are these people really deadbeats?
Your links prove NOTHING relative to your assertion that, of the 47% of those people who pay no Federal Income taxes, a large swath are those who are sole proprietors.
You realize that right? We can have 47 trillion sole proprietors, but that doesn't mean they're not paying federal income taxes.
Just as I thought....you brought a strawman argument to the table that you couldn't back up. You ASSUME these people are paying no FIT's, but you have no data to substaniate it. I won't waste anymore of my time with this argument.
Not to mention that the top 10% income earners, those greedy pig-dogs who are just hoarding it all to themselves, already pay 71% of all taxes. The really greedy 5% pay
The top 1% pay, on average, $960,000 IN TAXES! While the bottom 42% (or something very close to that number; it may be an even higher percentage...) pay... guess?
NOTHING! THey only pursue their blessed entitielents. Which is why I have labelled them GEPs. Ghetto Entitlement Parasites, always intending to live off the decent honest hard work of others.
If we really were to investigate the fraud in Social Security Disability (people getting it when there's nothing wrong with them, but they're probably using the SSN of a dead person), or welfare or food stamp fraud... it's shameful!
And so, yeah; let's get right on it and enact The Buffett Class-Envy Rule, where everyone who earns over $1M MUST pay 30%. On all of it, even their first $10- 25,000 that you and I pay NOTHING on? Sure: that sounds fair to me!!! Punish the entrepreneurs for their utter gall at investing in things that might employ others or make salable goods we could ( gasp ) export! OMG Not THAT! . Better to just rip these guys off and re-distribute it to pay off those voting Entitlement pests, huh?
This will, of course, fix NOTHING, except that it will address the Obama clarion-call about some vastly unfair social and economic advantages enjoyed by "the rich" or those who, for some magical reason receive a higher income (they earned it? Those who have gained a significantly better education which cost them dearly to achieve (My grad-level science degree nowadays would cost me about $375,000+, and would also take me well over 7 years Q: should a totally uneducated (well OK: Gr. 11...) UAW line worker @ GM be making the same, less, or more than me? Some of them do, in fact make more. Well Natch! They yowl louder and longer!! Or hows about those who have worked very hard on their own self-owned and self-financed businesses to get where they are? And so on...).
It's all smoke and mirrors designed to appeal to the non-critical thinkers in our society on the basis of a vast Class Envy ticket, and therefore to get "Barama" re-elected on the grounds that he's fighting for the common or little man. What a crock!
BTW, Our Fearless Leader and his wifey earned a combined ≈ $790,000 and only paid ≈ $162,000, which computes to less than 20.5%. Hmmm.
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And btw, in case several of you have NOT then followed up with some critical thinking, and read about these so-called lower IRS rates paid by so-called millionaires, lower than what some day or hourly laborer is paying, it's only on non-income monies (as in:investment income, but where they also have teh potential to lose all their ambled investments if it doesn't go well for them!). On, let's say, their first $50- or $70- or $120-k income, they pay EXACTLY THE SAME marginal rate that you and I pay. They only pay less on a different class of income. And only if they choose to invest some of their hard-earned money in projects that often (usually!) employ many others (like you, btw...!) who are not willing to make any such guarded and calculated but nonetheless risky gambles.
This is only taxes on return on long-term investments that they made with post-tax money (money they'd already paid their regular 25 - 35% taxes on!)
SO... uhmmmmm... what, you'd like to tax them until it's ALL gone? And then possibly tax them on Lost Income Opprtunities as well? Makes sense, but only to an outright Socialist-Communist. as in: Grab it all while there's still a few pennies left in the guys' pockets! Yup!)
) And yet this is reported in the lefty media as though it's the same income monies that you and I make every day. What a load'a! Designed expressly to foment Class Envy!! nice anti-social goals, fellas! Keep it up!
47% of able-bodied adults are getting a free ride.
Yep, completely free. Well, minus, the local taxes, the state taxes, the property taxes, the sales taxes, and so on.
Bet the 47% pay just as much of their income, as a percent, as the highest.
Didn't you just do this thread a few months ago? It's tiresome - it's like you wake up in the morning and say "DAMMIT, I'M STILL MAD!!!"
Quote:
Ghetto Entitlement Parasites
According to your definition, you're describing a significant portion of the middle class. Nice. How anybody middle class votes Republican is a complete mystery to me - you clearly hate them.
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