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I suspect there is a tremendous overlap in those who pay taxes and those who save for the future.

51% don’t pay taxes and will be happy to take your 401K.

BTTT

All the more reason to modify the AMT to that everyone must contribute 10% of their income and no “credits” or “earned income” will drop the amount of tax below that 10% requirement

I am not pointing a finger at you, but your post gave me a chance to point something out. First the idea that 51% of the population pay no taxes is a fallacy. Everyone pays some form of taxes. But lumped into the 47% who pay no FEDERAL income taxes are people like me. I am retired military, I pay a minimal monthly fed income tax, which is less than a family of four would spent at McDonalds. (Assuming they are not buying off the dollar menu). I pay no state tax as a retired veteran and my disability is all non-taxable income. I am having the same difficulty finding a job that many others are experiencing so my retirement and disability is about 75% of our income. They are millions of retirees, disabled individuals, vets and non-vets that no longer pay taxes to the Fed.

Quite frankly we do not want your money, your 401K, and I want Wall Street to prosper although I never tied my retirement to them. (I am horrible with money, war seemed an easier option than investing)

Whenever people mention the 47% who do not pay federal taxes, it is assumed we are all “free riders” on society. In fact many of us have, and at least in my case will again, pay my fair share in federal taxes. In that 47% are WWII, Korean and Vietnam vets (and some Desert Storm types). You also have many wounded warriors from the war on terror who may temporarily or (unfortunately)permanently will pay no taxes. I am sure if asked all of them would prefer to pay taxes to their current travails. Lest anyone forgets, our vets while in Iraq and Afghanistan also pay no federal taxes on their income. That old man sitting on the porch who worked until he could no longer keep a job, has trouble walking, breathing and just wants to enjoy his grand kids in his closing years, is he a now a free loader after years of paying his taxes?

There is a percentage of our society that are “free riders,” leeches who live off our hard work and want more of their fair share. Many were wearing those Kenyan “Hope and Change” shirts a back in 2008. It is convenient for the Kenyan Regime to lump us all together into the 47% who pay no federal tax. In 2006 12.4% of the population fell in the retirement range, there were around 2 million military retirees in 2008, that is less than 1% of the population. Some of those fall into the 12.4% others do not because military can retire as early as age 38. In 2007 12% of the population was considered severely disabled. Not including retired vets under the age of 65, that 47% is easily cut to 23% or less of the population who could qualify as “free riders”, living off the government. (annual growth of retirement population is .09%) There may be other reasons why people are not paying federal taxes. These numbers were quickly obtained, but it is obvious why the Kenyan wants to lump all these groups into one, it provides cover for his largest constituency, the “free riders” in this country.

When people on this site criticize those 47% who pay no federal taxes, they are lumping allot of good honest hardworking or severely disabled people in with the leeches in this country. Again, this is not directed at you, just gave me a chance to vent.