Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
... the reality is that we're vastly overpaying on taxes. In essence, subsidizing the already wealthy. The bottom 75% of Americans pay 12.7% of the taxes.
... the reality is that we're vastly overpaying on taxes. In essence, subsidizing the already wealthy. The bottom 75% of Americans pay 12.7% of the taxes.
I agree but first the bottom and middle need to learn what wealth is. Income can be produced from different sources. Poor and middle class believe high income is wealth without considering the source of that income, that's only part of the puzzle and politicians have taken advantage of that lack of understanding. If you get high income the excess money can be used to build wealth, politicians want you to believe that it's excess and should be taken from you.
As for taxes, Government raids W2 income the most making it even harder for a W2 worker to build wealth, then the government points and blames corporations when government also has their hands in the cookie jar. Government takes the people hard earn money before they even get it. Yes, small amounts from each pay and people don't pay attention. Strange how government thinks they know what other people can live on yet here the government is, 18 trillion in debt. Politicians claim the people need their more money yet government always is the biggest takers.
If government would learn to function within the means the people can pay then we wouldn't have this problem but why would they, they view the people's money as their money, the people's money as their piggy bank to be raided.
Government wouldn't need to keep raising taxes if they could function as we the people are expected to function... that is "within our means and budget"... but they put rhetoric out there so supporters would support higher taxes. People who think we should pay higher taxes are idiots. Government will just keep coming back for more. Anyone who thinks it's ok because it's the other guy doesn't have a clue and soon they will be center target, already are, government is just sneakier about it.
69% have retirement savings. And guess what? It's not stuffed in mattresses. It's invested. Punish or stranglehold profitable corporations, high-yielding market or bond funds, etc., and you punish 69% of Americans:
That's an extreme misrepresentation. SS and Medicare AREN'T free handouts like welfare, food stamps, Medicaid, etc. One must have paid premiums for decades before ever becoming eligible for SS and Medicare benefits, while those who receive welfare, food stamps, Medicaid, etc., need never have paid or ever will have to pay even one thin dime in premiums for those benefits.
That's not even a thing! VERY few people just get "free money". Jesus, you're the most delusional person on this forum.
That's a joke, right? In addition to the over $1 Trillion local, state, and federal governments spend on means-tested public assistance program (which are FREE benefits, aka free money for the poor), The bottom 40% of all 1040 tax filers have a NEGATIVE federal income tax liability, which means they get more money GIVEN to them via refundable tax credits (EITC, Child Tax Credit, etc.) than they pay in federal income tax:
100 million Americans depend on affordable rents to fund their retirement. When will the federal government bail out these renters?
Why should they? Renters can cut their housing costs much more easily than can home owners or landlords who have to sell to cut back on a no longer affordable property/home. A renter can just move when his/her housing is no longer affordable.
This graph shows the bottom income quintile paying an effective federal tax rate in the neighborhood of 2 percent...didn't you previously show the bottom income quintile paying NEGATIVE federal taxes?
The TOTAL federal tax rate includes payroll taxes and other federal taxes. They boost the TOTAL federal tax rate to just very slightly above zero for the bottom two quintiles.
And now we know why you're a convenience store clerk. But you claim to have a college degree and intended to be a lawyer? Wow, quite a few clients dodged a bullet, there.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
