- Nov 8, 2012
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Inyet, they find themselves running around preaching that the rich need to pay more.
The top 20% "rich" bracket pays nearly 87% of all FED Income taxes. Do some of you have problems realizing what this means? Essentially, when our government needs to pay our bills, the top 55% have to not only pay their share, but also the share of the remaining 45%. But the lower class is suffering...
http://finance.yahoo.com/news/45-americans-pay-no-federal-140345017.html
My view? Make like all the countries that you liberals advocate for and let's go VAT. Instead of taking from people that earn money, why don't we reverse it and make it based off those that consume money. You know you guys love to toot the socialist demographics of euro nations, so what are you waiting for? Get out there and push for VAT.
The top 20% "rich" bracket pays nearly 87% of all FED Income taxes. Do some of you have problems realizing what this means? Essentially, when our government needs to pay our bills, the top 55% have to not only pay their share, but also the share of the remaining 45%. But the lower class is suffering...
Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.
An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)
Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.
Despite the fact that rich people paying little in the way of income taxes makes plenty of headlines, this is the exception to the rule: The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50%.
On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.
The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it.
When it comes to all federal taxes — individual income, payroll, excise, corporate income and estate taxes — the distributions of who pays what is more spread out. This is partially because nearly everyone pays excise taxes, which includes taxes on gasoline, alcohol and cigarettes.
http://finance.yahoo.com/news/45-americans-pay-no-federal-140345017.html
My view? Make like all the countries that you liberals advocate for and let's go VAT. Instead of taking from people that earn money, why don't we reverse it and make it based off those that consume money. You know you guys love to toot the socialist demographics of euro nations, so what are you waiting for? Get out there and push for VAT.
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