Ray From Cleveland
Diamond Member
- Aug 16, 2015
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As I asked another poster earlier: The top 20% paid 87% of our federal income tax collections. If 87% is not enough, how much do you think they should be paying?
Part of the problem is that you only consider federal income tax. That will give you a skewed perspective of total tax burden.
Yes, that is all I am talking about, because as I stated earlier, most of the other taxes we pay, we get back when we retire, provided you live the average lifespan or longer in this country. In that sense, you are really not paying anything.
That’s only true for social security and Medicare. We probably get back far more in Medicare than we ever put in. Certainly the rather unhealthy generation coming up is going to be getting more, at least without cuts. Excesses in those programs led to lower than normal income tax rates for decades that we are now paying for.
State taxes, property taxes, excise taxes and fees tend to be rather regressive, though. You’re not considering the whole picture.
Of course I am. But remember that those taxes pay for services we all use. We all use the roads, we all need the police and fire services in the event of an emergency, we all want our street lights shining at night. So those taxes mostly go to services most of us enjoy.
People in low income brackets spend a disproportionate are amount of their income on those things. The poor still have a substantial tax burden.
That’s my point.
They do, but again, they will likely get all that money back later on in life. My point is they pay nothing into the federal income tax system that provides for all the federal workers and services.