jeninflorida
Literotica Guru
- Joined
- Feb 17, 2003
- Posts
- 22,463
Only in America ... could the rich people - who pay 86% of all income taxes – be accused of not paying their "fair share" by people who don't pay any income taxes at all.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Only in America ... could the rich people - who pay 86% of all income taxes – be accused of not paying their "fair share" by people who don't pay any income taxes at all.
You don't have an income.. You're one of the 47%.
some day you can get a real job...if "job" was a wife, well Merc you would be a cuckold
You're part of the 47% and you're shrinking the labor force. Get a job and lose 40 lbs.
since you are such a moronic socialist, why don't you pay your fair share?
stop bitching about getting your dirty greedy hands on other people's money, and do something to make the world better. stop consuming, consumer goods. stop playing stupid video games like a little bitch and pay your fair share
government dipshit
Why do you care about tax rates? They could be 100% and you wouldn't pay a penny more.
Why do you care about tax rates? They could be 100% and you wouldn't pay a penny more.
Only in America ... could the rich people - who pay 86% of all income taxes – be accused of not paying their "fair share" by people who don't pay any income taxes at all.
Jen's secretly a communist since she gives away her shitty writing for free.
Share This Page
Follow The Atlantic
Share This Page
Follow The Atlantic
On LinkedIn
Share This Page
inShare.16
Special Reports
In Focus
Events
E-books
Newsletters
Iran's 'Moderate' New President Still Supports Assad Mark Dubowitz and Tony Badran
35,000 Rich People Aren't Paying Any Income Tax? How Is That Possible?
Matthew O'BrienJun 6 2012, 3:25 PM ET
16
inShare.
More
It turns out that the rich aren't different from you and me. They're not paying their federal income taxes, either.
Some of them, anyway. The chart below, via Felix Salmon, gives us an idea of how has changed over the past two decades. The light blue line shows the number of taxpayers making $200,000 or more who don't pay any federal income taxes. Notice the sharp tick up since 2007.
HINTs.gif
First, a big caveat. Only a very, very small percentage of top earners have zero federal income tax liability -- 0.88 percent in 2009, to be exact. Still, how do these lucky duckies pull it off? The chart below from the IRS helpfully breaks down which loopholes and deductions have driven this trend.
NoTax.png
This tells us what's happening now, but it doesn't tell us why things are changing now. Without similar data for past years, it's hard to say exactly why more rich taxpayers aren't paying federal income tax payers today. Although we can certainly speculate. This looks like a story about the Great Recession -- remember, this data is from 2008 and 2009. Maybe rich taxpayers suffered bigger tax deductible losses. Or maybe they shifted their investment portfolios towards less risky, and tax-free, municipal bonds.
Whatever the case, the ranks of the rich among the notorious 47 percent of households that don't pay any federal income tax is on the rise. But I wouldn't hold my breath waiting for Eric Cantor to explain that it's only fair for them to have some skin in the game too.
Don't Be Shocked, But The Wealthy Aren't Paying Their Fair Share
By Diane Sweet
taxatthetop
Hopefully we'll hear these statistics from an annual IRS report cited frequently during the 2012 campaign season. These shocking numbers emphasize the vast divide of income disparity between the 1 percent and the 99% of Americans:
In addition to the six who paid no tax, another 110 families paid 15 percent or less in federal income taxes. That’s the same federal tax rate as a single worker who made $61,500 in 2009.
Overall, the top 400 paid an average income tax rate of 19.9 percent, the same rate paid by a single worker who made $110,000 in 2009. The top 400 earned five times that much every day.
...
Let’s return for a moment to the single worker who made $61,500 in 2009 and paid 15 percent of his salary in federal income taxes. The top 400 made more every three hours than he did in a year, and yet many of them paid the same or a lower tax rate, according to the data in the report.
Why would anyone vote for a candidate who would continue to favor only a very small portion of Americans? Surely there are Republicans out there who fall into this income bracket, and they can't all be sadomasochists... can they?
Only in America ... could the rich people - who pay 86% of all income taxes – be accused of not paying their "fair share" by people who don't pay any income taxes at all.
Valid point.
We should have a "no representation, without taxation" policy. If you aren't paying anything in income tax you can't vote.
Only in America ... could the rich people - who pay 86% of all income taxes – be accused of not paying their "fair share" by people who don't pay any income taxes at all.
I accuse you of not paying taxes all the time and you have yet to claim you ever paid a penny. You pay no share.
yet, you have no proof of what you say ... so why should I show proof? You, are guilty till you prove yourself innocent
be careful, or the obama will send a drone to your house.
obama murdering machine regime! yes we can!
yet, you have no proof of what you say ... so why should I show proof? You, are guilty till you prove yourself innocent
be careful, or the obama will send a drone to your house.
obama murdering machine regime! yes we can!
I'm not asking you to prove anything. I'm asking you tell me if you ever paid taxes and what the job was.
You don't work and you don't pay taxes. If it's not true, just say so.
I'm not asking you to prove anything. I'm asking you tell me if you ever paid taxes and what the job was.
You don't work and you don't pay taxes. If it's not true, just say so.
hey stupid cunt do you even have a job where you pay taxes?I'm sorry that your obama is an epic failure
sorry, that you are a lazy fool and feel entitled to entitlements
Sadly, work way too many hours. sorry but your little theory is wrong, just like the obama
The rich should pay more taxes. Thats not the problem. The problem is what the Gov. is doing with that money.