- Oct 7, 2007
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http://www.investors.com/NewsAndAnalysis/Article.aspx?id=529854
Good read. Basically the author states that 47% of U.S. households pay no federal income tax and that the top 10% of taxpayers provide 75% of tax revenue.
Discussing how fair taxes are or aren't has been done hundreds of times on here. That isn't what this thread is about.
I think that every American citizen should have to pay some sort of federal income tax, even if what they pay is a tear in the salty sea. This is so we all contribute and we all feel the contribution in our pocket books, even if it is only $50 for the entire tax year.
I believe that refunds/rebates/tax credits should not be given to those who have not paid into the system - i.e. if you contributed $0 into the income tax system, you should not receive money back from the IRS.
How would government spending be changed if everyone was required to pay at least a small amount of tax? Would those that currently pay no tax (47% of U.S. households) but vote for government spending start to feel like they are getting ripped off when it is their money being spent and it is no longer Other People's Money?
Good read. Basically the author states that 47% of U.S. households pay no federal income tax and that the top 10% of taxpayers provide 75% of tax revenue.
Discussing how fair taxes are or aren't has been done hundreds of times on here. That isn't what this thread is about.
I think that every American citizen should have to pay some sort of federal income tax, even if what they pay is a tear in the salty sea. This is so we all contribute and we all feel the contribution in our pocket books, even if it is only $50 for the entire tax year.
I believe that refunds/rebates/tax credits should not be given to those who have not paid into the system - i.e. if you contributed $0 into the income tax system, you should not receive money back from the IRS.
How would government spending be changed if everyone was required to pay at least a small amount of tax? Would those that currently pay no tax (47% of U.S. households) but vote for government spending start to feel like they are getting ripped off when it is their money being spent and it is no longer Other People's Money?
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