Posted on 04/16/2007 6:16:04 PM PDT by shrinkermd
If the tax forms you're filing this year show Uncle Sam entitled to any income tax, you increasingly stand alone. The income tax system is so bad, and increasingly reliant on a shrinking number of Americans to pay the nation's bills, that 40% of the country's households -- more than 44 million adults -- pay no income taxes at all. Not a penny.
Think of it this way. After dropping off your tax forms at the Post Office, you find 100 people standing on the sidewalk. Forty of them will be excused from paying income taxes thanks to Congress. Twenty of them, the middle class, will pay barely a thing. The 40 people who remain, the upper middle class and the wealthy, will pay nearly all of the income taxes.
Look at that crowd again and find the richest person there. That individual will pay 37% of all the income taxes owed by those 100 people. The 10 richest people in the crowd will pay 71% of the income-tax bill. The 40 most successful people will pay 99% of everyone's income taxes. Yet for some lawmakers in Washington, these taxpayers aren't paying enough. Our tax system comes up short in a lot of areas. It doesn't foster economic growth. It isn't very simple. And it certainly isn't fair. The one place where it does excel is at redistributing income.
(Excerpt) Read more at online.wsj.com ...
Well somebody’s got to pay for ALL the give away programs,pork spending and outright corrupt government graft so I guess the guy behind the tree better have deep pockets !!!
The solution:
Change election day to the second Tuesday in April. The public’s focus is on their taxes.
Election day should be April 16th....
The same folks who larded up the emergency war appropriations bill with billions of dollars in pork-barrel projects are at it again. Yesterday, House Democrats voted to impose the largest tax hike in American history. Every spr9ing Congress approves a budget blueprint that lays out its spending priorities and revenue assumptions for the next fiscal year and those that will follow. The budget approved by Democrats on Thursday reverses 12 years of Republican tax cuts and pro-growth policies. It lays the groundwork for increasing personal income tax rates onmiddle-income families, slashing the child tax c credit, reinstating the marriage penalty and bringing back the death tax.
We’ve seen this play before. The last time Americans faced a massive tax hike was in 1993—the last time Democrats were in the majority. President Clinton campaigned on middle class tax cuts only to turn around and sign what was then the largest tax hike in history. But Clinton’s tax hike pales before this one.
1) Eliminate withholding. Make people write a check.
2) Repeal the 17th Amendment. Purge the Senate.
The income tax system is so bad, and increasingly reliant on a shrinking number of Americans to pay the nation’s bills, that 40% of the country’s households — more than 44 million adults — pay no income taxes at all. Not a penny.
Every person in this country who has income should pay a flat tax, IMHO. No more socialism and the buying votes by lberals by taxing the nations’ real producers who pay all of the taxes already.
This is the telling statistic. 40% pay 99% of the taxes, 60% PAY VIRTUALLY NOTHING!
You know I’ve heard that suggested before and I thinks it’s a great idea !!!
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” — Alexander Tytler
How can we get a citizen’s initiative at the FEDERAL LEVEL......to have taxes due on the 2nd Wed of every November, OR, Election Day on April 16th.....there has GOT to be a way!
But it works the other way too:
that richest 40% also owns 99% of the country’s assets, no?
And the poorest 40% own less than 1%, right?
“No rights without responsibilities”
“60% PAY VIRTUALLY NOTHING!”
and how are you going to get that 60% to vote for anyone that would change that?
I don’t have a clue my dear.I mean I was actually one of those people who believed for years that if the Republicans ever got in control of our government,things would be different and better.I guess I was wrong !!!
My congratulations - such a short post yet it contains so much illogic....please tell me I missed the /sarcasm/ tag.
assets and rights are two completely different items. Confusion over the two is the result of a socialist mind set. Next thing you know, someone is arguing that the looters should just be allowed “to touch dose tings”
It's fine that they point these things out ( I wonder about their accuracy, though) but it should also be pointed out that members of this taxpaying class pretty much call the shots in this country, and a lot of their decisions are highly destructive. This is the class (particularly the upper middle class managers, chatterers, and bureaucrats) who are responsible for much of the disastrous social engineering that has gone in this country for the last 50 years. They've destroyed our schools, wrecked our cities, and opened our borders and the price of these and many other things are borne more by the lower classes than the gated community set. Everybody pays, but who is really paying more?
Don't confuse assets with rights. The poorest 60% may not own many assets but they have a lot of rights including the "right" to elect politicians who will insure them the "right" to suck money from the 40% who pay taxes.
Marxism! Please call it what it is.
The confusion is due to the unrelenting Marxist’s indoctrination that our nation’s children have been exposed to from pre-K through graduate school.
I used to pay nothing. In fact not only did I pay nothing but I took from the govt in form of WIC, college grants, and medicaid.
But for the last 5 years with an income of $135k I’m paying over $50k a year in taxes!!!! While I agree that our govt should provide temporary programs and infrastructure to encourge the economy and help people help themselves, even under Bush’s tax cuts, we are paying too much!
even under Bush’s tax cuts, we are paying too much!
Ya think !!!
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