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Started by longspur, December 22, 2011, 04:22:43 AM
Quote from: longspur on December 22, 2011, 04:22:43 AMif the rich would just pay there fair share
Quote from: bird on December 22, 2011, 08:45:27 AMQuote from: longspur on December 22, 2011, 04:22:43 AMif the rich would just pay there fair shareHere are the Top 3 Results from a Google search of "Who pays the most taxes in the US?"http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxesSource: The AmericanThe latest data show that a big portion of the federal income tax burden is shouldered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don't include payroll taxes for Social Security and Medicare.http://usgovinfo.about.com/od/incometaxandtheirs/a/whopaysmost.htmSource: US GOV INFO or usgovinfo.about.comFeeling overtaxed? Under the U.S. income tax system, most of the taxes collected are supposed to be paid by the people who make the most money. Thanks to President Bush's tax cuts, that is exactly the way the system works, says the U.S. Treasury Department.According to the Office of Tax Analysis, the U.S. individual income tax is "highly progressive," with a small group of higher-income taxpayers paying most of the individual income taxes each year.http://www.taxfoundation.org/files/sr151.pdfSource: The Tax FoundationKey Findings:• The question of who pays taxes is important, but so is the question of who receives government spending. Some Americans clearly receive more government spending in exchange for their tax dollars than others;• America's lowest-earning one-fifth of households receives roughly $8.21 in government spending for each dollar of taxes paid. Households with middle-incomes receive $1.30 per tax dollar, and America's highest-earning households receive $0.41 per tax dollar;• Government spending targeted at the lowest-earning 60 percent of U.S. households is larger than what they paid in taxes in 2004. Overall between $1.03 trillion and $1.53 trillion was redistributed downward from the two highest income quin-tiles to the three lowest income quin-tiles through government taxes and spending;• Looking at taxes alone doesn't tell us how much America's fiscal system is helping or hurting low-income households. To answer that, we must look at government spending as well. Lawmakers who ignore government spending may be making decisions based on an incorrect set of facts about the United States fiscal system.So you see.... The major problem in the U.S. isn't the Tax System and who pays what. Its all about spending more that you take in. Entitlements such as WELFARE and the people that live off of WELFARE is a major contributor of the problems that we all face as citizens of this great nation. bird
Quote from: Tail Feathers on December 22, 2011, 07:54:11 AMIf EVERYONE would pay their fair share and quit expecting the govt. to pay THEM money to not work...
Quote from: gob09 on December 22, 2011, 07:56:08 AMQuote from: longspur on December 22, 2011, 04:22:43 AMif the rich would just pay there fair shareYOUR KIDDIN RIGHT??