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.
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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Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
This message last edited by Joel on 23/02/2012 at 06:33:38 AM
Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes
23/02/2012 04:43:15 AM
- 1487 Views
A not so hypothetical situation...
23/02/2012 05:46:44 AM
- 904 Views
Your paying more money now than then. Lower rate but more money *NM*
23/02/2012 07:52:51 AM
- 535 Views
Why the heck do you think the current tax system is skewed to the rich?
23/02/2012 03:18:43 PM
- 1045 Views
Once again, poor people have no money with which to pay taxes.
23/02/2012 06:23:07 AM
- 1063 Views
50% of America is not "poor" or too poor to pay federal income taxes.....
23/02/2012 01:01:24 PM
- 960 Views
You base that statement on what, exactly? Fervent desire that it be true?
25/02/2012 12:43:30 AM
- 1440 Views
2009 (the year cited for this claim) was an outlier because of temporary tax cuts and the economy.
25/02/2012 01:14:01 AM
- 1213 Views
Interesting, but lacking the data I consider critical; FICA etc. should not be counted, IMHO.
25/02/2012 02:10:45 AM
- 1062 Views
It's a phrasing thing, permits more bullshit
25/02/2012 04:41:06 AM
- 1032 Views
Maybe I am just playing the same game,but I find stats from "the other side" compelling in some ways
25/02/2012 10:36:40 AM
- 1482 Views
You're operating under the same fallacy he does - that people should pay income taxes.
23/02/2012 12:05:52 PM
- 1100 Views
In much the same way
23/02/2012 01:40:58 PM
- 1060 Views
Joel is crazy, but I highly doubt that this is "why"
23/02/2012 01:36:37 PM
- 1089 Views
I see your point, but not how it changes much in the conversation where we discussed that
25/02/2012 01:49:29 AM
- 870 Views
You mention this statistic all the time.
23/02/2012 02:16:47 PM
- 771 Views
Obviously, we are talking about the bottom 50%.....
23/02/2012 03:22:43 PM
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I wonder how much of that statistic is students
23/02/2012 02:22:58 PM
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The number "paying taxes" should include dependents of those paying
23/02/2012 02:39:21 PM
- 1008 Views
yah I read the link, but apparently I just didn't understand their explanation.
23/02/2012 05:40:54 PM
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Federal taxes
23/02/2012 04:18:22 PM
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Your figures are fairly unrealistic
23/02/2012 04:54:44 PM
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Not entirely.
23/02/2012 06:30:18 PM
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Yeah I don't normally assume NY as a baseline
23/02/2012 06:41:37 PM
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It probably isn't. We even tax delivery fees, gardening services and other things with sales tax.
25/02/2012 07:03:46 PM
- 900 Views
We don't tax transport of property either
25/02/2012 08:16:53 PM
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Places usually get around it with free delivery. A tax on a $0 item is still $0. *NM*
25/02/2012 09:12:22 PM
- 408 Views
Income taxes are not the only kind of taxes. 86% of Americans pay payroll or income tax.
23/02/2012 09:51:50 PM
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And give the riff raff a reason to become involved in politics? Are you daft? *NM*
24/02/2012 05:04:51 AM
- 558 Views
25% of america is under 18, that means ~25% of the rest are not working or paid very little
25/02/2012 08:17:52 PM
- 1049 Views