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Unless you're not working at all, you've probably been assessed tax. The problem is getting back what you're due from the government. The government has no right to tax its citizens.
We need a flat tax or total abolisment of income taxes in favor of a national sales tax. Only when everyone is paying the same percent will everyone have the same incentive to keep the growth of federal government in check. Right now 47%, according to the article, have no reason to limit the size of government since they are not paying for it. Once that number reaches 51% there is no turning back and America will be lost.
Right now 47%, according to the article, have no reason to limit the size of government since they are not paying for it. Once that number reaches 51% there is no turning back and America will be lost.
That is the ultimate Democratic congressman/woman's goal. Once they achieve 51% of citizens owing no federal income taxes, they assure themselves of almost certain victory in most elections.
This is basically the combination of Bush tax cuts and recession. You have to make money first to pay anything and rates are low enough many don't pay fed taxes.
Obama held true to his word. God bless the man. Can't wait to hear how the teaparty advocates react to this.
Its been pretty close to 50% for a looooong time now. Even under the Reagan, Bush 1, Clinton, and Bush II administrations, it was above 40%.
Obama didn't do much of anything different. He promised to lower taxes for those who make around the 50% mark, up to the 90% mark. So if you're in the top 10% of earners, you had to pay a little more this year.
Hardly seems unfair, seeing as the top 10% paid only about 15% of their income into taxes, while those below that, down to the 50% mark paid in around 20% of their income or higher.
That is what is wrong with this country ;more and more have bo skin in the spenjding game. But that is about to change as mandates shift funding more to the states and in price rises.I always find it strange how people think that corporations pay their taxes;they don't print money they raise prices because its a cost of doing business.Its either that or cut the booto lihne which means employeees as a cost.
Almost as high a percentage as the Fortune 500 and Wall Street Investment banks NOT paying taxes.
How many jobs do those Fortune 500 and Investment banks create?
Now how many do the lower 47% create?
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