Then let me be 100% clear as long as there is a tax called an income tax then every American with an income should pay it. We want to be fair don't we?

 

Then let me be 100 percent clear. Nearly everyone pays some federal tax on their income. Fair smare. I could make an argument that a $10,000 per head tax is "fair". That doesn't make it good policy. It is all about what works. When Ronald Reagan was elected the top one percent of earners took in under 8 percent of the national income. Since then it has grown well into the twentys. That is not just due to tax policy, but that is part of it. When RR took office you could make a good case that too little net income at the top made capital formation hard. Prime rate in the high teens is good evidence. You could also make the argument that too little net income at the bottom and middle makes demand too low today. The payroll tax, income tax, capital gains tax and dividend tax are all income taxes. Everyone who works has "skin in the game". I think it might be a good idea to change all income to just plain income and make all of the income based taxes one tax. That way, people like you wouldn't perpetuate the myth that people at the bottom don't pay taxes and we wouldn't be doing this shell game where people move their income into the preferred forms of income to avoid taxes.

There are many, many people who pay zero federal taxes on their income. Payroll taxes are a pension plan, or really, a welfare plan. They should not be included when we're talking what funds the federal government. Payroll taxes do not, although the government does borrow to use them which is another problem all together. Other non income federal taxes are more of a users fee type item. Income tax drives the government. Everyone should pay it.

This is what a tax ripoff is...NBC: Obama IRS refunds 'Illegals' $4.2 billion for kids--in Mexico - National Political Buzz | Examiner.com

Then let me be 100 percent clear. Nearly everyone pays some federal tax on their income. Fair smare. I could make an argument that a $10,000 per head tax is "fair". That doesn't make it good policy. It is all about what works. When Ronald Reagan was elected the top one percent of earners took in under 8 percent of the national income. Since then it has grown well into the twentys. That is not just due to tax policy, but that is part of it. When RR took office you could make a good case that too little net income at the top made capital formation hard. Prime rate in the high teens is good evidence. You could also make the argument that too little net income at the bottom and middle makes demand too low today. The payroll tax, income tax, capital gains tax and dividend tax are all income taxes. Everyone who works has "skin in the game". I think it might be a good idea to change all income to just plain income and make all of the income based taxes one tax. That way, people like you wouldn't perpetuate the myth that people at the bottom don't pay taxes and we wouldn't be doing this shell game where people move their income into the preferred forms of income to avoid taxes.

How many at the bottom that don't pay federal income tax do you think pay capital gains or tax on dividend income? The majority paying those taxes are also paying the highest federal income tax rate.

This is what a tax ripoff is...NBC: Obama IRS refunds 'Illegals' $4.2 billion for kids--in Mexico - National Political Buzz | Examiner.com

 

I knew it was bad but :scared::scared: I sure hope their figures are wrong.

 

BTW, you're a racist evil hearted right winger for bringing that up.

GM is riding on all of our backs it appears....

 

GM Could Be Free of Taxes for Years - WSJ.com

 

"Now it turns out, according to documents filed with federal regulators, the revamping left the car maker with another boost as it prepares to return to the stock market. It won't have to pay $45.4 billion in taxes on future profits."

 

That's $45.4 billion - with a 'B'.

 

Now who is on who's back?

 

UAW - the new definition of tax evaders.