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100 million or so American workers and retirees depend on consistently profitable corporations to fund their retirement. That's just the way it is whether you like it, or not.
The fact that tens of millions of Americans get by in retirement with NO investments is proof that nobody NEEDS a pile of equities to fund retirement.
Well of course - their incomes are higher! Of course they're going to pay more as a total.
I was talking about % of incomes.
Remember what Warren Buffett said about paying a lower RATE on his income than his secretary?
What we have here is conservative Fail.
If we're going to tax everyone an equal dollar amount, the poor deserve to have cost-saving options currently denied to them. If the only way I can afford to pay my fair share of tax is to pitch a tent in my friend's back yard, what right do conservatives have to deny me that option?
No, I'm saying that it's the system we have, that 100 million or more Americans depend on it to fund their retirement, and that's why the federal government bailed out Wall Street and artificially props up the stock market with QE.
100 million Americans depend on affordable rents to fund their retirement. When will the federal government bail out these renters?
Pretty much anyone with kids making under 120K a year is a drag on society as they use more public services then they pay for.
Not to you break around 350K a year do you really start paying your fair share
I work in a high-volume convenience store. We have two dozen employees and our employer nets $3M per year, while paying $1M income tax. Only two employees have kids.
That works out to over $100K of production per employee. We're pulling our weight.
Naw. The bottom 50% work just enough so that they can maximize on getting as much free government handouts as possible. They feel that Section 8 vouchers are owed to them. Not only do they want to keep theirs for life, but then they coach their children, family and friends how to to the same. I've also seen where if someone doesn't need to claim their children as dependents on their tax forms for extra tax discounts, they give their friends their children's SSN# so that they can claim them instead. It's scary.
And these are the same people who use their elder parents' cars with the handicap tags to go to work so that they can park for free all day long.
??? ??? ??? ???
Childless adults working full time at minimum wage get no free government handouts unless they live in one of the states that expanded Medicaid under Obamacare.
Section 8 vouchers are very hard to get; I was unable to get on the waiting list.
Half of all low income renters pay at least half their income for shelter, which is proof most do not receive rental assistance.
True texdav, the problem is, the left doesn't understand human nature and why they'll fail. They know only two things... someone has more than they do and they want to take it.
Doesn't the left understand the human nature of greed?
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?
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