posted on Mar, 27 2011 @ 11:57 PM
Originally posted by Sestias
The last time I did my taxes, anyone who makes above $8,500 per year (the standard deduction) pays taxes. I'm poor and I have to pay taxes; I
understand the Republicans want to raise more taxes on me.
If 47% of the population pays no taxes, as you say, we are a damn poor country.
It's a wonder there hasn't been a revolution.
I am guessing this was more directed at me. As I was the one that stated that 47% essentially
don't pay taxes. Since comprehension is
lacking for many (and no, I am not directing at anyone person and especially not you Sestias) I will explain what is meant by such.
That 47% do fall under a tax bracket and have money withheld from their paychecks. SSI, Medicare, FICA...the whole 9-yards. They pay into the system
Where they essentially
pay no taxes is in the form of tax-breaks, credits, etc. That 47% of people in the lowest tax bracket are actually a
negative return on federal taxes received. The Federal Government pays those 47% more than they put in. So they are essentially not paying taxes.
Sure the money goes out, but the mindset is always "I am getting money back from the government".
So in truth it is surprising their is not rioting or revolution of some sorts. When the government subsidies the bottom 47% to the point of where
they would have to make a large leap in annual income to even hope to make out as they did with a lower paying job it is wrong. Just as it is wrong
for the government to subsidies the upper 1% income bracket.
But this is the intended consequence of a progressive income tax system. It allows the government to pick and choose the winners and losers. It
hands all the power into the hands of the federal government and we are none the wiser.