How Many Of The 300 Million People Residing In This Country Have Tax Paying Jobs? (unemployed, Congress)
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I would also like to know how many people residing in this country are legally, mentally and physically able to have a taxpaying job - and of those, how many are unemployed.
Anyone got stats?
Ultimately, I would like like to know how many taxpaying workers there are out of the number of mouths being fed.
The data are even more skewed than that. Even those almost 100 million people 'pay taxes,' some people have very low tax liabilities (albeit it greater than zero). The progressive tax system results in a very small percentage of people paying a very large percentage of the overall tax bill. This is risky, as it makes the tax base less stable. There are multiple ways in which the tax revenue can decline easily if the high income earners: leave the country (or state, as has been happening left and right), produce less, retire, sell their companies or businesses, etc.
A broad based system would be much better than the one we have now.
The data are even more skewed than that. Even those almost 100 million people 'pay taxes,' some people have very low tax liabilities (albeit it greater than zero). The progressive tax system results in a very small percentage of people paying a very large percentage of the overall tax bill. This is risky, as it makes the tax base less stable. There are multiple ways in which the tax revenue can decline easily if the high income earners: leave the country (or state, as has been happening left and right), produce less, retire, sell their companies or businesses, etc.
A broad based system would be much better than the one we have now.
A flat tax would be more fair than the "progressive" system we have now, which benefits the wealthy who make their primary income from investments (taxed at 15%). Note, this is not all wealthy.
Since 2001, President Bush's tax cuts have shifted federal tax payments from the richest Americans to a wide swath of middle-class families, the Congressional Budget Office has found, a conclusion likely to roil the presidential election campaign.
During the "good old days" (1948-1980) that we keep turning the clock back to, we taxed the top earners at over 70% and everyone else at 20%. Seems like the country was better off with higher rates.
compJockey is right since the vast majority of people who pay taxes in the US are middle class. The wealthy in the US have many tax loopholes and are privy to accountants who help them avoid taxes. The Government functions everyday on the revenue stream of millions of Americans who are the "six pack' Joes.
A flat tax would be more fair than the "progressive" system we have now, which benefits the wealthy who make their primary income from investments (taxed at 15%).
Not very progressive when some millionaires pay less in tax (15%) than most poor people in the US.
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