acemona

So if I am living off of my Capital Gains then I don't have to pay taxes and I don't get to vote because I am not contributing to society.

Just posing the question.....maybe if you don't pay federal income taxes, you shouldn't be able to vote? That makes sense to me. Why should those who don't pay any in vote to continue to force me to pay for them? Just askin'?

So do you get more of a vote if you pay more income taxes?

Why does it have to be federal income taxes? As shown in this thread and in the link nearly every one pays some sort of federal tax.

These people have skin in the game and are contributing members of the society. If you read the posts here and listen to FOX you would think that all of them are leaches. The bigger fact is that those who are not paying are either elderly, disabled, or students, not the working poor, AND people move in and out of this category. I may not pay one year because of my employment status, but the fact is I will pay at some other time, AND if I am a student I will probably pay a lot over my lifetime.

So students who work part time jobs should pay income taxes, and the elderly living on fixed incomes should pay income taxes, and disabled and special needs folks should pay income taxes, and those who have been unemployed for part or most of the year should pay income taxes.

Truth is, this 51% is not static. People move into and out of this group constantly and it is not the same folks every year . . . just folks with similar circumstances.

The leading study of this issue found that the majority of households that receive the EITC get it for only one or two years at a time, such as when their income drops due to a temporary layoff, and pay federal income tax in most other years. The study examined the filers who claimed the EITC at least once during an 18-year periodand found that they paid a net of several hundred billion dollars in federal income tax over that period.[10] This finding shows that while some households will receive refundable tax credits in a given year whose value may exceed their payroll tax liability, they pay significant federal income taxes over time in addition to the payroll and state and local taxes they pay each year.

continuing:

# Moreover, even these figures greatly understatelow-income households’ totaltax burden because these households also pay substantial state and local taxes. Data from the Institute on Taxation and Economic Policy show that the poorest fifth of households paid a stunning 12.3 percent of their incomes in state and local taxes in 2011.[7]

# When all federal, state, and local taxes are taken into account, the bottom fifth of households pays about 16 percent of their incomes in taxes, on average. The second-poorest fifth pays about 21 percent.[8]

from the article

Moreover, low-income households as a group do, in fact, pay federal taxes. Congressional Budget Office data show that the poorest fifth of households paid an average of 4.0 percent of their incomes in federal taxes in 2007, the latest year for which these data are available — not an insignificant amount given how modest these households’ incomes are; the poorest fifth of households had average income of $18,400 in 2007.[6] The next-to-the bottom fifth — those with incomes between $20,500 and $34,300 in 2007 — paid an average of 10.6 percent of their incomes in federal taxes.

Misconceptions and Realities About Who Pays Taxes — Center on Budget and Policy Priorities

Most of the people who pay neither federal income tax nor payroll taxes are low-income people who are elderly, unable to work due to a serious disability, or students, most of whom subsequently become taxpayers. (In years like the last few, this group also includes a significant number of people who have been unemployed the entire year and cannot find work.)

Until EVERY American has "skin in the game", this issue will never go away.

Every American pays taxes. Some just don't pay income taxes.

The point here is, that 3 years ago, Obama said that (EIT"S) were torture. Obama said he would eliminate these tactics. Had it not been for these tactics, we would not have got the intell we needed to capture the man that led us to OBL. It took 2 weeks of proding Obama that the window of opportunity was vanishing, before he FINALLY relented and gane the order to proceed. And then after OBL was killed, Obama said he would not (spike the ball) as in a victory celebration. NOW,,,,,,, as he has NOTHING positve to run on, he is (spiknig the ball)

You got a single link to prove any of those assertions? My understanding was that he had many advisers telling him not to do it AND lots of them were saying to simply drop a smart bomb on the compound. You guys act like that with the right intelligence that anyone would have made the call, however, anyone making the call would have to reflect on the last time a similar call was made . . . say 1979?? and what happened when that went poorly.

"Mission Accomplished" -

Romney said in 2008 that he would not go into another country and get someone.

I didn't say to tax the wealth, I said they should contribute to the tax system and their rate should be equal to the amount of wealth they control. The more the wealth is pulled out of the economy the less their is, unless you assume a bottomless bucket of wealth. Generally speaking in our current system wealth is not created any more like Carnegie did it, it is shifted.

Once again. I reiterate. The top 20% in this country carry 86.3% of the total tax burden. That leaves 13.7% for the other 80%. How much more would you have them carry?

Equal to the amount of wealth they control. What is that number?

WOW, let me let you in on a secret, I am not racist by any means. But I am proud to be from the south. If you want the flag to represent racism to you then fine, it doesnt to me, because I am not racist. It has a different meaning to me, so when you decide what I have to think of feel for something, then please kill me.

Some of your other posts appear to conflict with this one.

Silliness to be sure, but no more so than the Jesse Jackson's and Al Sharpton going around inciting riots and stealing money.

Really, how long you gonna' use this? When is the last time either one of them incited anybody to do anything.

Again, please refer to this organization as the NEW Black Panther Party, completely unaffiliated with the Black Panthers - even disavowed.

30 - but some of them were not necessarily straight facts.

Democracy in action. I say I am a little jealous they Can actually make tv clean, but none the less, where is the democracy promised and what the President Obama Adm fout for in Egypt.

 

AGI.it - Intimate scenes to be banned from Egyptian public TV

They make their decisions and live under the form of democracy that they will choose. Not what we think they ought to do.

We have no idea how long SS will remain solvent. 2037 is one of 3 "best guesses" that the Trustees publish. It changes constantly. Even if true, and my guess is the date will continue to move up, I'm sure those people under 40 love to hear that it may remain solvent until right before they're set to receive benefits.

I am not defending social security, I am saying IT IS NOT ADDING ANYTHING TO THE DEFICIT.

I was trying to point out that the $819B is the receipts for SS and Medicare/Medicaid. Which means the receipts for SS fall well short of the spending.

Even if true, and I am not accepting the premise, but even if true there is currently a SS surplus (trust fund) and SS is solvent until at least 2037, so it is still not adding to the deficit.

You may want to read the data again.

What you put in red appears to me to be under receipts. So it would be 819 in receipt and 725 in spending.

You sure about that...

 

2011 ($ are in billions)

Receipts - $2,303B

Individual - $1,092 - 47%

SS / SS Insurance - $819 - 36%

Corp - $181 - 8%

Other - $139 - 6%

Excise - $72 - 3%

 

Spending - $3,598B

Medicare / Medicaid - $835 - 23%

SS - $725 - 20%

Defense - $700 - 19%

Discretionary - $646 - 13%

Other -$465 - 13%

Interest - $227 - 6%

 

United States federal budget - Wikipedia, the free encyclopedia

 

So you say SS and Medicare add nothing to the debt but in 2011 the receipts for those only totaled $819B while the spending totaled $1,560B, almost double.

I didn't mention Medicare once. Social Security has a trust fund that is solvent under current conditions until almost 2040 so that money that is going out does not come from the general fund. GF has actually borrowed money from the Social Security trust.

Your own chart shows that SS brought in 94 billion more than it spent. How is it adding to the deficit?

President's do often speak on local matters but did Bush speak out every time the Kansas bunch spoke out? NewBPP is no different and you guys keep referring to them as the Black Panthers, they are not. They are separate and distinct and have been disavowed by the BPP.

The Buffett rule if passed would only bring in 47 billion in ten years. Obamas budget would increase the debt by another 6.7 trillion over ten years.. Drastic cuts need to accompany any increases in taxes or it's just a political ploy that accomplishes nothing.

Drastic Cuts where? Welfare is only 13% of the budget. The largest single budget item is defense spending at 25%. Social Security adds nothing to the debt at this point, why does it always get included (not in your post, but one above)?

Well, for everyone else it is....I bet Ace takes quite a few deductions when he files.

"I know you are but what am I?" . . . You know this is the first time that I have ever typed UKMustangFan in a post. The only time I ever remember being the least bit personal with anyone was about section 8 about three years ago, yet you guys make it that way every time. Can't just answer the darn question?