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| Economics Discuss The U.S. debt in terms we can all understand at the Political Forums; The U.S. debt in terms we can all understand This helps to understand the US debt: • U.S. Tax revenue: ... |
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The U.S. debt in terms we can all understand
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Truth, Justice and the American way |
| The Following User Says Thank You to Mikeyy For This Useful Post: | ||
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How much would be "their share"? Paying 100% of the income taxes?Half the ****ing population pays zero income taxes. I think they should pay "their share".
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Truth, Justice and the American way |
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Say, didn't that Ron Paul fella come up with a plan to cut, surprise, $1 trillion in current year Federal spending? By jiggity, he did. Can we count on your support to keep the country moving forward?![]() |
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While near half pay no federal income tax, they still pay payroll tax, SS, medicare and state and local taxes etc. They pay no federal income tax because they generally do not make enough money to be taxed in the higher bracket. |
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Those that fall into the bracket of not paying federal income tax, get something called an "Earned income credit" which MORE than offsets anything they pay in payroll taxes, and a portion of sales tax. So, effectively, they pay virtually no taxes. Many more are on assistance programs that pay for a portion of their food and housing, which is paid for by taxpayers, so even less of their existance is paid for by themselves. So penalizing someone who is successful is okay in your book? That a person who is able to make money is coerced into supporting other people? If ALL people were required to pay in the exact same percentage of their earnings above a certain point, that would be 'fair'.
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