66% Say America Is Overtaxed

Rasmussen Reports ^ | April 11, 2010 | Rasmussen

[buffyt]

I sent a link to that national debt clock to my son who is almost 29. He said it brought to mind Moody Blues old song
“To my Children’s Children’s Children”
Amen to that. They are robbing our great great great grandchildren and beyond to infinity.

[buffyt]

I loved how Nancy called it raising tax on “unearned income” which is stock dividends etc. that retirees live on. Some are barely getting by on their retirement incomes, and Nancy wants to tax it. And it is EARNED income, all income is EARNED. There are people who make their living just doing investing, and live on the dividends, etc.

[buffyt]

Read this http://www2.tbo.com/content/2010/apr/07/nearly-half-us-households-escape-federal-income-ta/

APRIL 15 NOT A TAXING DAY FOR HALF OF US HOUSEHOLDS

nice long article worth reading....

Get this, from the article:
Here’s how they did it, according to Deloitte Tax:

The family was entitled to a standard deduction of $11,400 and four personal exemptions of $3,650 apiece, leaving a taxable income of $24,000. The federal income tax on $24,000 is $2,769.

With two children younger than 17, the family qualified for two $1,000 child tax credits. Its Making Work Pay credit was $800 because the parents were married filing jointly.

The $2,800 in credits exceeds the $2,769 in taxes, so the family makes a $31 profit from the federal income tax. That ought to take the sting out of April 15.

[rcrngroup]

We need to go to a Flat tax of 10% of AGI, everyone pays their 10%, scrap the entire 2nd page of the 1040 with multiple credits, itemized deductions, EIC, Work credit, etc, etc. Including scrapping the entire bogus “corporate tax”, which simply gets added onto the cost of products. Individual, Flat 10% tax of AGI! And add a requirement that prohibits ANY government deficit spending, period!

[alaskanfan]

Stop spending. Cut entitlement programs to nothing. Lay off 50 percent of Government workers and contract out the other 50 percent of the jobs.

[MsLady]

I'm sure they would love to have a raise. I have gotten to know some people in my area on welfare, not all but, many are working the system BIG TIME. Michigan is overly generous with welfare. We desperately need to stop welfare and go back to local charities. People have no sense of pride anymore. They don't care who they take money from because they don't know who's giving them money. They look at it as the government. They don't see the everyday hard working families, who are working extra hours, because their pay checks are shirking. Because the corrupt politician's have to pay their base for more votes. There is a woman that I know, who has just had her 3rd illegitimate child. And I'm really sick of paying and paying and paying for these people. Like it's there right to live however they want to live and we have to pay for it. Enough already, if she didn't have welfare to fall back on, my guess is, she would have stopped at the first child.

Ok, I'm done with my rant...lol

[Little Ray]

Hmmm.
More people say that citizens are over-taxed than actually pay taxes? Maybe some of the people who don’t pay taxes are starting to “get” it.

[Blood of Tyrants]

The first and easiest thing to get rid of is the earned income tax credit.

[MsLady]

I heard a guy on Glenn Beck today, sure wish I was better with names. He said if you taxed across the board everyone at 11% that would work. He said no matter how much money the government takes, it always ends up being about 18%. I guess because the more you tax people the less people have to spend and save and hire, ect. You could pretty much get rid of most of the IRS if you did that. That’d save a bundle right there.

[Blood of Tyrants]

The problem I have with a flat tax is that there is absolutely no guarantee that politicians won’t start altering it for campaign donations and political payback. In fact the only guarantee that you CAN get is that politicians WILL start altering it immediately. Better to have a constitutional amendment limiting the spending to a small percentage of the GDP except in time of constitutionally declared war.

[MsLady]

That’s not a bad idea. We can do all of this with out the IRS as it is. I was temp working in a law firm that specialized in tax law. You wouldn’t believe how many tax law books they had. If you stacked them up, they would have been almost as tall as me. Maybe 45” give or take. That was years ago, I’m sure it’s even worse now.