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Once again, poor people have no money with which to pay taxes. Joel Send a noteboard - 23/02/2012 06:23:07 AM
The standard deduction for married joint filers in 2011 was $11,600. Clearly, the only sane solution is raising their taxes to pay for yet another millionaire tax cut.)

Sorry, the ever shrinking middle class and ever shrinking number of small businesses, combined with record foreclosures and 30 million people unemployed while another 30 million work part time because they cannot find full time work, ought to tell the tale. The only way to get yet another millionaire tax cut is to (further) balloon the federal debt. What remains of the middle class is now in the same boat as the lower class it is increasingly joining: They simply have no money left to assume the tax burden of free loading millionaires who feel entitled to single digit tax rates financed by people who work for a living.

Really, the possibile explanations for the referenced stat are precious few, and none support GOP tax policy.

1) 50% of Americans pay no tax because they earn too little to owe any tax; since one cannot get blood from a stone, any new revenue must come from the wealthy.

2) 50% of Americans pay no tax because they are taxed at a rate so low minimal deductions more than offset it; in that case the rate should rise, not fall, and a 5-15% capital gains tax rate is indefensible.

3) 50% of Americans pay no tax because they enjoy so many deductions, exemptions and loopholes it eats up any size tax burden, in which case those loopholes should be eliminated (the article I cited earlier states Reagan took just that approach for just that reason.)

In no case should the tax burden on the wealthy or multinationals be reduced, and in every case it should increase. It is very telling when the same people who sneer at the notion of class warfare respond to any suggestion they pay more taxes with "no, POOR PEOPLE should pay more taxes." The poor did not start the class war, and neither did the middle class; they are merely trying to survive it.
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This message last edited by Joel on 23/02/2012 at 06:33:38 AM
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Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes - 23/02/2012 04:43:15 AM 1486 Views
A not so hypothetical situation... - 23/02/2012 05:46:44 AM 903 Views
Your paying more money now than then. Lower rate but more money *NM* - 23/02/2012 07:52:51 AM 535 Views
Accurate statement, but not a justification *NM* - 23/02/2012 03:44:55 PM 427 Views
Re: A not so hypothetical situation... - 23/02/2012 02:39:43 PM 998 Views
I don't know much about that. - 23/02/2012 03:53:27 PM 831 Views
Why the heck do you think the current tax system is skewed to the rich? - 23/02/2012 03:18:43 PM 1043 Views
That's a fair question - 23/02/2012 03:52:08 PM 926 Views
Once again, poor people have no money with which to pay taxes. - 23/02/2012 06:23:07 AM 1061 Views
You're operating under the same fallacy he does - that people should pay income taxes. - 23/02/2012 12:05:52 PM 1097 Views
In much the same way - 23/02/2012 01:40:58 PM 1058 Views
Same argument re: fallacies - 24/02/2012 02:52:17 PM 871 Views
Was meant as a joke reply - 02/03/2012 06:30:15 PM 1080 Views
Joel is crazy, but I highly doubt that this is "why" - 23/02/2012 01:36:37 PM 1086 Views
HA! HA! Very well played! *NM* - 23/02/2012 03:49:35 PM 378 Views
You mention this statistic all the time. - 23/02/2012 02:16:47 PM 770 Views
Obviously, we are talking about the bottom 50%..... - 23/02/2012 03:22:43 PM 814 Views
How do you account for retired folks? - 23/02/2012 04:18:59 PM 1023 Views
social security isn't taxable either *NM* - 24/02/2012 04:21:21 AM 445 Views
Easy... he doesn't. - 25/02/2012 02:56:05 AM 759 Views
I wonder how much of that statistic is students - 23/02/2012 02:22:58 PM 1031 Views
Federal taxes - 23/02/2012 04:18:22 PM 904 Views
Your figures are fairly unrealistic - 23/02/2012 04:54:44 PM 1096 Views
Not entirely. - 23/02/2012 06:30:18 PM 846 Views
On exempting SS income: - 25/02/2012 02:30:43 AM 849 Views
Is there any reason why one should exclude the other? - 23/02/2012 07:32:09 PM 902 Views

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