I may get blasted (nothing new :-)), but I know we are the party of lowered taxes, but we are not the party of no taxes. I think everyone should pay SOMETHING even if 5 bucks. It is sickening to me that 47 percent of the population are muchers.
Obozo is fond of saying that everyone should ‘have some skin in the game.’
There should be a law that if you don’t pay income taxes, you can’t vote...........
That is why Obama has 47% of the vote at this point. That means he only has to get 3.1% more to vote for him and he wins 50.1% to 49.9%. That's not bad when you go into an election knowing that you have 47% of the vote in the bag and all you have to do is say the other side will take your free ride away and you have that 47% in the bag and don't ever have to worry about them again.
I know a retiree who owns about $3,000,000 in tax exempt municipal bonds which he purchased with after tax dollars. He also receives Social Security retirement benefits which he contributed to for over 40 years.
So he is part of that 10.3% that pays no income or payroll tax.
I wouldn't begrudge him that, even if he weren't me.
P.S - He does pay a wide array of sales taxes, excise taxes, gas taxes, property taxes and an assortment of taxes the goverments like to call "fees".
PLUS - if Øbama has his way, he will pay a large portion of his wealth in Death Taxes.
I agree with you. Everyone needs some skin in the game.
The whole argument for the income tax when it was introduced was that it would only be paid by the very wealthy. And, of course, people do pay taxes via payroll, gas, etc..
Campaigning to raise the income tax on the working poor is really not a very good strategy.
It’s not FAIR that the non-taxpayers get to vote but have not skin in the game!
It’s actually simple. You pay no taxes, you don’t vote. Those not paying into the system should have NO input as to how the funds are used.
I kinda agree with you; what we really ought to do is a flat-rate income tax, no exceptions, exemptions, rebates, credits or other adjustment, and no withholdings.
Heck at 10% things would be orders of magnitude simpler for people; and I'd be willing to bet money that the government would actually make more money than they do with this progressive-rate income tax.