The working poor pay more then twice as much in taxes as the rich (salary, Michigan)
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6.3% from their paycheck, and ANOTHER 6.3% paid by their employer as part of their compensation. Did you not know that?
PS-its a free loan because guess what? The working poor can't afford to pay their taxes late-if they owe it would be too much of a debt at once to pay without penalty.
Why do you include the 6.3% paid by the employer? The taxpayer doesn't pay it.
Ya, we really need fewer people paying taxes. At some point you'd think the "working poor" would get incentive to do better. We all get free HS aka education. It's not like you can't get a decent job out of HS. Millions do it every year.
This is a myth. I'm Conservative, and I've been trying to educate Conservatives on this for years. Do some people get refunds? Yes. Do ALL of them get refunds? NO!
Ask me how I know?
I used to be one of those working poor. I never got a damn refund. In fact, the MORE money I made, the less I had to pay in taxes. The less money I made, the MORE I paid in taxes....no refunds.
I don't think I paid more than the rich, but to state that the working poor, (implying all of them), get refunds, is flat out false.
Why do you include the 6.3% paid by the employer? The taxpayer doesn't pay it.
Because its part of the compensation package. When the employer doesnt pay it, and instead you work on a contract then YOU pay the 12.6%. This isnt that complicated.
Because its part of the compensation package. When the employer doesnt pay it, and instead you work on a contract then YOU pay the 12.6%. This isnt that complicated.
I posted an effective tax rate chart that accounts for that earlier in the thread:
Quote:
Originally Posted by InformedConsent
Even if those state tax rates are accurate, I'm not seeing how adding them to their respective income groups' total effective federal tax rate results in the working poor paying twice as much in taxes as the rich.
" *Individual income tax rates for the lowest and second lowest quintiles are negative and are netted against the payroll tax rate. A quintile is one fifth of the population. Calculations assume that employees also pay the employer portion of payroll taxes in the form of reduced wages. The breaks are (in 2013 dollars): 20% $24,191; 40% $47,261; 60% $79,521; 80% $134,266; 90% $180,482; 95% $261,471; 99% $615,048; 99.9% $3,170,865."
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Sounds like progressives are ready for a for a flat/fair tax. Otherwise, I don't want to hear your whining.
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