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Let's talk "FAIR SHARE" for a moment.
How can anyone logically argue for the rich to "pay their fair share" of federal income taxes when in fact 47% of American's pay ZERO federal income taxes?
Does this percentage include millionaires that fall in that category? I must because of this statement of yours accusing others of class warfare...
Quote:
Originally Posted by AeroGuyDC
How is it "FAIR" that millions of a American's pay ZERO in light of the current class warfare schtick being pushed by the Left?
Does this percentage include millionaires that fall in that category? I must because of this statement of yours accusing others of class warfare...
Can you show me where there are millionaires paying zero federal income taxes on their earned income? If you're attempting to deflect to capital gains and investments, save it or start your own thread.
WIC, section 8, foodstamps, and medicaid are all expensive and would amount to receiving more services than someone on medicare. Can you back up your claim?
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.
Which amounts to 70% of all Federal taxes that are paid. Keep deflecting...
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.
Can you show me where there are millionaires paying zero federal income taxes on their earned income? If you're attempting to deflect to capital gains and investments, save it or start your own thread.
My guess was right (as it was the last time, I'd responded to an identical thread... and will be, when I respond to the next one not too long after this one). You heard it, and you quoted it. Anyway, without much ado...
Can you show me where there are millionaires paying zero federal income taxes on their earned income? If you're attempting to deflect to capital gains and investments, save it or start your own thread.
It's in the link I already posted which you obviously never read, and nice use of "earned income". How many millionaires have all their assets in earned income?
If they pay rent they are paying steep regulatory taxes and property taxes which are often unfair. In Michigan, the school tax rate on rental property is four times the school tax rate on owner-occupied homes. How is that fair?
So....when does a renter make his check out to the local school district? Or is it perchance the landlord that does so? If so, why should other property owners, particularly the working poor or those on fixed incomes, be expected to subsidise wealthy business owners?
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