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Impossible! We have been hearing that 47% do not pay taxes.
No, you've been hearing that 47% pay no federal income tax whatsoever. Not sure why you can't understand the distinction. Perhaps you can explain why you're so easily confused.
No, you've been hearing that 47% pay no federal income tax whatsoever. Not sure why you can't understand the distinction. Perhaps you can explain why you're so easily confused.
Stop counting them? Get rid of them? What is your solution?
Stop subsidizing them.
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Lowering taxes didn't either.
Doesn't mean the converse is necessarily true. If anything, higher taxes on investments will furtherDISincentivize investment in growing the U.S. economy.
Government exists to protect our rights and defend our freedom.
All else is PORK.
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Originally Posted by HistorianDude
The Founders and Framer's begged to differ with you, sport. According to them, our government exists to:
1) form a more perfect Union
2) establish Justice
3) insure domestic Tranquility
4) provide for the common defence
5) promote the general Welfare, and
6) secure the Blessings of Liberty to ourselves and our Posterity.
Not to mention that the government doesn't exist to protect rights but to refrain from infringing on rights while existing to serve those fundamental elements to the people.
Instead, subsidize investors. But, simply turning a blind eye towards the elderly, the disabled, the children, the veterans that didn't qualify as "welfare for military industrial complex workers" would somehow strengthen the society and help achieve the goals this nation was build upon. What exactly would be that? Worship those with means, shove off those who are "needy" per a right winger's definition?
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Doesn't mean the converse is necessarily true. If anything, higher taxes on investments will furtherDISincentivize investment in growing the U.S. economy.
Converse HAS BEEN true. That was the point, and using your point, actually.
Instead, subsidize investors. But, simply turning a blind eye towards the elderly, the disabled, the children, the veterans that didn't qualify as "welfare for military industrial complex workers" would somehow strengthen the society and help achieve the goals this nation was build upon.
That's not what I suggested. I specifically excluded the genuinely incapacitated.
Fiscal Cliff Deal Means Higher Tax on 77% of Households
by Richard Rubin - Jan 1, 2013 10:54 AM PT.
The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.
More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.
The bill, being discussed by House members today, would raise the top tax rate to 39.6 percent from 35 percent last year, starting with income over $400,000 for individuals and $450,000 for married couples.
The top tax rates on capital gains and dividends would go up to 23.8 percent, from 15 percent last year. The new rate includes a 3.8 percent tax from the 2010 health-care law that took effect today.
(Full text of the article can be reas at the URL above)
I'll bet they didn't even factor in the new taxes from legislation like Dodd-Frank and ObamaCare.
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