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There has been a lot of discussion lately about the "rich" not paying their "fair share" of taxes. Who are the "rich"? You may be surprised. If you have a total household income of more than $83,000 you are in top 10 percent of America's richest households. And who is paying all of the taxes around here?
It just so happens that the top 1 percent of taxpayers pay 35 percent of all income taxes paid. The top 20 percent of all taxpayers pay 83 percent of all taxes. And the top 50 percent pay almost 96 percent of all federal income taxes.

In other words, the top 50 percent pay almost all income taxes, and the bottom 50 percent pay almost no taxes. You can't give a tax cut to someone who doesn't pay taxes. So... why do the "working poor" get so excited about tax cuts? They aren't paying anything anyway!



Read more here:
https://www.mackinac.org/article.aspx?ID=3466
It's the end of the world as we know it. It's the end of the world as we know it. It's the end of the world as we know it and I feel fine.
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As I was researching this, I found more taxes the Demoncrats would like to impose on us. The "imputed income" tax is my favorite. Followed by the taxes on our 401(k) and pension accounts to "level the playing field" for the "working poor" who cannot afford to save for retirement. It is enough to make a good man want to quit their job, claim a disability like alcoholism and sit around drawing a check instead of working. If it weren't for shame and dignity, I bet a lot of folks would, too.
Beware!! I can hear them coming. You are about to be stormed with insults, arguing, and otherwise just jealous and ignorant comments. Listen, you can hear them, too. I would tell you their names, but they will take care of that.

Btw, nice to know that I don't have to pay all those taxes, but...it might be nice, hmmmm, need to think about this a little more.

TSC,I may just go off here, and start blaming you because I am not wealthier. I am sure that it is your fault in some way. If not, I could argue that it is, all day, if I had time. It has nothing to do with the fact that I have made some really poor choices in my life. That's it, we are supposed to blame someone, I choose to blame you. Wonder if I can get the government to fix my little problem? I feel entitled here, but I don't want to pay those taxes.

Well, you have it here in black and white. Hard to understand what the arguement will be, but since it is you, get ready.
I like how every time anyone posts info proving that the poor don't pay their share of taxes, and receive the most benefits from the "system," someone else will always turn the attention from that (without denying it) and illustrate how the wealthy and middle class can pay more. Numbers can say what they want; I can clearly see with my own eyes, and the application of a small amount of logic and common sense, who is absolutely, with a doubt, benefitting most from "the system," while paying in almost nothing to it.

Common sense: you should benefit from any "system" in proportion to what you contribute. The poor contribute nothing, the wealthy contribute most. The wealthy benefit little or none; the poor benefit immensely. The benefits are not distributed in proportion to what contributors pay in. It is that simple.

It doesn't matter what percentage tax anyone pays anyway; that isn't the problem. The middle class need to demand that government change spending habits, and quit squabbling over whether the rich or poor needs to pay more. Control spending (aka vote buying) and the government will not need more money, so it won't matter whether it comes from the rich or poor. Individuals and businesses cannot operate the way government does, and neither should government.
Contrary to popular belief and oft repeated mantras, IRS data reveals people in the 20-25 thousand dollar per year range benefited most from "Bushs tax cuts for the rich" since 2000.

Someone that made $25,000 in 2000, paid the IRS $1150. In 2004 they would get $100 back. That's about $1200 per year, or about $100 per month or $24 per week or 5% of his income less paid out.
Someone that made $100,000 per year in 2000, paid the IRS $13,500. In 2004 they paid $9,800. That's $3700 per year or about $300 per month or $70 per week or 3.7% of his income less paid out.
Who do you think would benefit more, the guy making $480 a week and saving $24, or the guy making $1900 a week and saving $70 ?

Like has been said before" it's hard to give somebody a tax cut if they don't pay any tax". Wink
quote:
Originally posted by smurph:
jmho, I have always thought that taxes should be a set percentage,across the board and everyone pay that given amount.
Then it is going to be much easier to weed out cooperate fraud and all those other nasty little white collar crimes.



That would be fair...and we don't do fair!!! Big Grin


The biggest fraud in this country nowadays is the tax system. Wink

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