Steelplate
Bluesman
Is he breaking the law?
No.
so... legal is the equivalent of moral and right? Tell that to JoePa.
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Is he breaking the law?
No.
And your point is what exactly.
Does he pay more in taxes then I do....
I bet he does....
So again what is your point?
Precisely.
That's still 15% higher than 48% of Americans.
Precisely.
That's still 15% higher than 48% of Americans.
Since almost half of Americans pay a tax rate of 0%, I wouldn't bet on the thread title.
Precisely.That's still 15% higher than 48% of Americans.
Yes, the Republican Blame the Poor campaign.....
Today, TPC released a new study that examines why these people end up paying no federal income tax.
The number one reason should come as no surprise. Its because they have low incomes. As my colleague Bob Williams notes:
A couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero. The basic structure of the income tax simply exempts subsistence levels of income from tax.
Low incomes (or, if you prefer, the standard deduction and personal exemptions) account for fully half of the people who pay no federal income tax.
The second reason is that for many senior citizens, Social Security benefits are exempt from federal income taxes. That accounts for about 22% of the people who pay no federal income tax.
The third reason is that America uses the tax code to provide benefits to low-income families, particularly those with children. Taken together, the earned income tax credit, the child credit, and the childcare credit account for about 15% of the people who pay no federal income tax.
Taken together, those three factors incomes that fall below the standard deduction and personal exemptions; the exemption for most Social Security benefits; and tax benefits aimed at low-income families and children account for almost 90% of the Americans who pay no federal income tax.
Why do half of Americans pay no federal income tax? - CSMonitor.com
There's only one reason...Politicians using the 16th as a weapon, as a tool to garner votes from moochers.Precisely.That's still 15% higher than 48% of Americans.
Yes, the Republican Blame the Poor campaign.....
Today, TPC released a new study that examines why these people end up paying no federal income tax.
The number one reason should come as no surprise. Its because they have low incomes. As my colleague Bob Williams notes:
A couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero. The basic structure of the income tax simply exempts subsistence levels of income from tax.
Low incomes (or, if you prefer, the standard deduction and personal exemptions) account for fully half of the people who pay no federal income tax.
The second reason is that for many senior citizens, Social Security benefits are exempt from federal income taxes. That accounts for about 22% of the people who pay no federal income tax.
The third reason is that America uses the tax code to provide benefits to low-income families, particularly those with children. Taken together, the earned income tax credit, the child credit, and the childcare credit account for about 15% of the people who pay no federal income tax.
Taken together, those three factors incomes that fall below the standard deduction and personal exemptions; the exemption for most Social Security benefits; and tax benefits aimed at low-income families and children account for almost 90% of the Americans who pay no federal income tax.
Why do half of Americans pay no federal income tax? - CSMonitor.com
He pays whatever his rate is.Glad to see Mitt can relate to the common man
He pays at a lower rate than someone making $40,000.
True. Same here...but in my mind? They should be outlawed.Your Title is completely False. I am by no means rich, in fact I am not even Middle class. Yet guess what, I have a small amount of Money invested, and it is subject to the same tax Rate as Romney. The long Term Capital Gains tax.
Capital Gains taxes are kept low for a reason people. To encourage Investment in America. Raise them at our own Peril.
They're protecting economic liberty. But you as a Gubmint worker wouldn't understand. YOU have your masters to consider.No wonder Republicans are protecting the one percent
Suspect ethics? I'm not the one proposing putting even more of a strain on the poor through a flat tax, while increasing our debt even further. Your plan wouldn't only hurt people such as yourself, yet you're just not smart enough to realize it. A true shame.
So subjectivity rules everything.... and as suspected... you are all for the unequal treatment of others when it benefits you... and only equal treatment when it benefits you...
Typical lefty
Someone making assumptions without information....and It's DiamondDave....Typical.
Give him a break. Obfuscation is a learned behaviour he can't shake.So subjectivity rules everything.... and as suspected... you are all for the unequal treatment of others when it benefits you... and only equal treatment when it benefits you...
Typical lefty
Someone making assumptions without information....and It's DiamondDave....Typical.
No.. we have plenty of your posting history to draw from...
You only believe in equality in treatment when it benefits you and your political cause... when it comes to treating someone unequally, as evidenced by the type of taxation scheme you repeatedly support, you abandon equality like a red headed step child
So Willard already pays less in taxes than the rest of us and HIS plan is to cut the wealthiest Americans taxes even FURTHER? Just brilliant...
Yes god forbid people keep more of their own money
The rich having been keeping more for years, where has that left us. It's time to keep less.