Is the middle class really overtaxed?????

[Sniperchoke]

http://briansullivan.blogs.foxbusiness.com/2010/12/08/middle-class-really-overtaxed

 

[Sniperchoke]

The one thing that stood out was the average couple with 2 kids a mortgage with annual income of 60,000 pays less than 1,000.00 dollars in Federal taxes. So I guess this dispels the ones who claim the middle class is overtaxed by the Feds.

 

[Possum]

The one thing that stood out to me is fox news, the college for the corporate puppets. The graph showing middle class paying more under Obama, big part of the stimulas was tax breaks, or write offs to middle class. Kool-aid for the puppets.

 

[Sniperchoke]

The graph is from the Dept. of Tresurary. If you can disprove this go ahead. Remember this is just Federal income taxes nothing else. I agree that we are overtaxed as a country. But people that say the middle class pays more percentage in Federal income tax than the Rich are just flat out wrong.

 

[outcaster]

What part of "Overall Tax Burden" don't you understand?

 

[Sniperchoke]

outcaster - 12/9/2010 5:51 PM

What part of "Overall Tax Burden" don't you understand?

We have already been over this remember??? The top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006,(source Dep. of Treasury) the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. So if your talking about sales taxes, state, local, sin taxes etc. Remember that the rich pay those also. The top, I think 3% of income earners if I remember correctly spend like 33% of all money spent in one year.

 

[Possum]

Did not come from Treasury, more BS. Same ole yellow press.

 

[beetlespin]

Would be great just to have a flat tax across the board wouldn't it!? I bet they would get more tax revenue if they just taxed everybody at 10% with no deductions or exemptions. My family is in the middle class and our average FIT burden is running around 5% after child credits, deductions, etc... Don't get me wrong, I love not paying high taxes but this system doesn't make much sense.

I know we all hate taxes but anyone who really thinks we are one of the highest taxed countries in the world hasn't traveled very much!

 

[Possum]

Beetle, what if I do not report any more income than I can write off, then what do I pay with the flat tax? In 2002 they passed a law that you cannot audit someone based on their lifestyle. Income only. Serious question Bettle. As an individual in a business, you determine your own income, do you not?

 

[tie1on]

I second the Flat Tax with no deductions. That is the only true "Fair Tax"! Would also knock the IRS down a few notches.

 

[Possum]

Well, I am going to have to flip sides for a minute with the deductions. If I am a company that made 50 million, but as the owner I spent 47 million. With the fair tax do I pay the tax on the 50 or the 3.

 

[outcaster]

The Rich do not want the Fair Tax. They currently have the best deal they have ever had. The Fair tax would not benefit them in the least. If the "Fair Tax" was a good deal for the top 3%, the Republicans would be demanding it right now.

 

[beetlespin]

Hard to blame it on the republicans Danny. Very few politicians support a fair tax. It takes away too much of their power.

Possum, regarding what youmentioned in your earlier post I assume you are already doing that so it really wouldn't make a big difference would it?

BS

 

[EricM]

There is just NO way to tax fairly. All of our arguments are really about what each of us thinks is the LEAST unfair method.

Perhaps you like a flat percentage so everyone pays, say 15% no matter how much they need just to live on? How about having all pay the same number of dollars because they all have access to the same community roads, police, courts, etc.? Do you think that a progressive tax is best where some pay more for the same services just because they earn more? Maybe a national sales tax where those who spend the most pay the most? There are a lot more ideas than these that people think may work. Then there are the combinations of tax methods that could also work, BUT....

Each of them is patently unfair to someone, somehow.

What I think we really need to argue is how do we get the government budgets to where we can pay for what we need to be doing and at the same time pay what we have already spent that we don't even have. I don't know nearly enough about the budget (nor do I think anyone else knows) to have the faintest idea as to what effect different cuts would truly have. I only know that an awful lot of areas in the budget will have to suffer serious cuts or eliminations for us to come close in the forseeable future. Let's determine how much is going to be necessary (not just a good thing to do or to have, pretty much all of our programs are that in one way or another) before we try to decide who of us is going to pay how much. I am really, really scared!

 

[tie1on]

10% is good enough for God, so why aint 10% good enough for the Gov.?

 

[outcaster]

EricM is right there is no such thing as "Fair Taxes" Winners and losers always.

 

[Possum]

beetlespin - 12/9/2010 9:02 PM

Hard to blame it on the republicans Danny. Very few politicians support a fair tax. It takes away too much of their power.

Possum, regarding what youmentioned in your earlier post I assume you are already doing that so it really wouldn't make a big difference would it?

BS

Not for me it wouldn't.

 

[Guest]

outcaster - 12/9/2010 8:16 PM

The Rich do not want the Fair Tax. They currently have the best deal they have ever had. The Fair tax would not benefit them in the least. If the "Fair Tax" was a good deal for the top 3%, the Republicans would be demanding it right now.

I have not heard the demonrats screaming on the nighlty news about it either. Since there are far more rich democrats than Republicans this might be the reason.

 

[Possum]

Cheez I must be in the Christmas spirit, or my Colts are finally leading at halftime. Does anyone remember the song that has a liric, "Doing my laundry on the evening news." Demonrats, guess you are turning liberal since they are the ones that make things personal. Here is another one Cheez. "Making my living on the evening news." "Going to make a come back." Fun song.

 

[Guest]

Possum - 12/9/2010 10:32 PM

Cheez I must be in the Christmas spirit, or my Colts are finally leading at halftime. Does anyone remember the song that has a liric, "Doing my laundry on the evening news." Demonrats, guess you are turning liberal since they are the ones that make things personal. Here is another one Cheez. "Making my living on the evening news." "Going to make a come back." Fun song.

Calling out a group is not getting personal. You just don't get it do you?