Half of the Country Doesn't Pay Income Tax?

[spidey07]

Income taxes aren't the only taxes.

You should look at overall taxation, not limit it to only this one tax.

And like I said, and it renders this point null and void, is that everybody else also pays those taxes at exactly the same rate. That half the people don't pay a tax that the other half must do by rule of law is downright fucking offensive. They need to pay their fair share. Zero isn't fair.

We're on the very edge of downfall when half the population can vote to steal the other halfs money, it's getting to the tipping point and why you're seeing the rise up of the Tax Payer. Once we get past 50%, we're done. Socialism is great, until you run out of other people's money.

 

[WHAMPOM]

Is that true? They keep saying stuff like that on the news.

Many people do not earn enough money to rise above the poverty level and pay no federal taxes, but they do pay SS, medicare, etc. Now add in the Corporations that earn %Billions in profit, pay no taxes and still qualify for Federal handouts.

 

[xBiffx]

Many people do not earn enough money to rise above the poverty level and pay no federal taxes, but they do pay SS, medicare, etc.

Yeah, they are called lazy and choose this lifestyle.

Now add in the Corporations that earn %Billions in profit, pay no taxes and still qualify for Federal handouts.

Name one.

 

[WHAMPOM]

And like I said, and it renders this point null and void, is that everybody else also pays those taxes at exactly the same rate. That half the people don't pay a tax that the other half must do by rule of law is downright fucking offensive. They need to pay their fair share. Zero isn't fair.

We're on the very edge of downfall when half the population can vote to steal the other halfs money, it's getting to the tipping point and why you're seeing the rise up of the Tax Payer. Once we get past 50%, we're done. Socialism is great, until you run out of other people's money.

But spidey, everyone pays zero taxes on thet poverty level of earnings, look up the tax tables.

 

[spidey07]

But spidey, everyone pays zero taxes on thet poverty level of earnings, look up the tax tables.

Are you trying to say 50% are at poverty level?

 

[WHAMPOM]

Yeah, they are called lazy and choose this lifestyle.
Working at a low paying job is a lifestyle?


Name one.

Exxon Mobil, Bank of America, GE, Chevron, Boeing, etc. Please google for the rest of the list, it is two out of three US Corporations.

 

[shadow9d9]

And like I said, and it renders this point null and void, is that everybody else also pays those taxes at exactly the same rate. That half the people don't pay a tax that the other half must do by rule of law is downright fucking offensive. They need to pay their fair share. Zero isn't fair.

We're on the very edge of downfall when half the population can vote to steal the other halfs money, it's getting to the tipping point and why you're seeing the rise up of the Tax Payer. Once we get past 50%, we're done. Socialism is great, until you run out of other people's money.

Capitalism is great.. until you run out of people's money to steal... Now that concentration of wealth is securely in the upper 1-20% and the income gap is greater than ever.. who will they swindle for money? After all of the layoffs and outsourcing and offshoring profits.. where will the money be squeezed from? We will find out!

 

[shadow9d9]

Yeah, they are called lazy and choose this lifestyle.



Name one.

ONE!?

Hell, 1/3 of fortune 500 companies pay ZERO corporate taxes!

Did you miss the headlines where GE's 5 BILLION in profits won't have to pay corporate taxes!?


"Eighty-two of the 275 companies, almost a third of the total, paid zero or less in federal income taxes in at least one year from 2001 to 2003. In the years they paid no income tax, these companies earned $102 billion in pretax U.S. profits. But instead of paying $35.6 billion in income taxes as the statutory 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they received outright tax rebate checks from the U.S. Treasury, totaling $12.6 billion. These companies' "negative tax rates" meant that they made more after taxes than before taxes in those no-tax years."

"Twenty-eight corporations enjoyed negative federal income tax rates over the entire 2001-2003 period. These companies, whose pretax U.S. profits totaled $44.9 billion over the three years, included, among others: Pepco Holdings (-59.6 percent tax rate), Prudential Financial (-46.2 percent), ITT Industries (-22.3 percent), Boeing (-18.8 percent), Unisys (-16.0 percent), Fluor (-9.2 percent) and CSX (-7.5 percent), the company previously headed by current Secretary of the Treasury John Snow.
In 2003 alone, 46 companies paid zero or less in federal income taxes. These 46 companies told their shareholders they earned U.S. pretax profits in 2003 of $42.6 billion, yet they received tax rebates totaling $5.4 billion. Almost as many companies, 42, paid no tax in 2002, reporting $43.5 billion in pretax profits, yet receiving $4.9 billion in tax rebates. From 2001 to 2003, the number of no-tax companies jumped from 33 to 46, an increase of 40 percent.
In 2001, the Treasury paid corporations $40 billion in tax refunds, a third more than the 1998-2000 average.
Then in 2002 and 2003, after the law was changed to expand tax subsidies and make it easier for corporations to carry back excess tax breaks to earlier years, corporate tax refunds skyrocketed to an average of $63 billion a year - more than double the 1998-2000 average."

 

[Londo_Jowo]

ONE!?

Hell, 1/3 of fortune 500 companies pay ZERO corporate taxes!

Did you miss the headlines where GE's 5 BILLION in profits won't have to pay corporate taxes!?

Imagine that, a company who's CEO supports the President/party in power get's tax breaks. Could it be a rewards for falling in line lock step?

 

[shadow9d9]

Imagine that, a company who's CEO supports the President/party in power get's tax breaks. Could it be a rewards for falling in line lock step?

Good, because the study where 1/3 didn't pay corporate taxes were during the bush years.

""Eighty-two of the 275 companies, almost a third of the total, paid zero or less in federal income taxes in at least one year from 2001 to 2003. In the years they paid no income tax, these companies earned $102 billion in pretax U.S. profits. But instead of paying $35.6 billion in income taxes as the statutory 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they received outright tax rebate checks from the U.S. Treasury, totaling $12.6 billion. These companies' "negative tax rates" meant that they made more after taxes than before taxes in those no-tax years."

"Twenty-eight corporations enjoyed negative federal income tax rates over the entire 2001-2003 period. These companies, whose pretax U.S. profits totaled $44.9 billion over the three years, included, among others: Pepco Holdings (-59.6 percent tax rate), Prudential Financial (-46.2 percent), ITT Industries (-22.3 percent), Boeing (-18.8 percent), Unisys (-16.0 percent), Fluor (-9.2 percent) and CSX (-7.5 percent), the company previously headed by current Secretary of the Treasury John Snow.
In 2003 alone, 46 companies paid zero or less in federal income taxes. These 46 companies told their shareholders they earned U.S. pretax profits in 2003 of $42.6 billion, yet they received tax rebates totaling $5.4 billion. Almost as many companies, 42, paid no tax in 2002, reporting $43.5 billion in pretax profits, yet receiving $4.9 billion in tax rebates. From 2001 to 2003, the number of no-tax companies jumped from 33 to 46, an increase of 40 percent.
In 2001, the Treasury paid corporations $40 billion in tax refunds, a third more than the 1998-2000 average.
Then in 2002 and 2003, after the law was changed to expand tax subsidies and make it easier for corporations to carry back excess tax breaks to earlier years, corporate tax refunds skyrocketed to an average of $63 billion a year - more than double the 1998-2000 average."
"

Have some innuendo for that? Derp derp!

 

[Ausm]

Sounds like the good life, too bad it is pure fiction like the Cadillac queen of the 80s.

The GOP has been beating this drum since the 80's and it's to bad there are people out there stupid enough to eat this shit up meanwhile in the background the assholes they are backing are crafting Legislation to fuck them over even more....IDIOTS.

 

[Ausm]

Imagine that, a company who's CEO supports the President/party in power get's tax breaks. Could it be a rewards for falling in line lock step?

Only Repugs go in Lock Step this was very evident when the Dems controlled both the house and the Senate compared to what kind of shit we are going through now.

 

[Jhhnn]

And like I said, and it renders this point null and void, is that everybody else also pays those taxes at exactly the same rate. That half the people don't pay a tax that the other half must do by rule of law is downright fucking offensive. They need to pay their fair share. Zero isn't fair.

We're on the very edge of downfall when half the population can vote to steal the other halfs money, it's getting to the tipping point and why you're seeing the rise up of the Tax Payer. Once we get past 50%, we're done. Socialism is great, until you run out of other people's money.

So, uhh, one kind of tax is different from another? Really? They all seem to cut into my bottom line just the same, no matter which govt entity collects them.

Taxes that are insignificant to high earners matter to middle and lower income people. SS, for example, takes 6.25% of every working stiff's wages, but shrinks to insignificance for hedge fund managers. No Medicare taxes on dividends & capital gains, either. No sales taxes on real estate, businesses, stocks & bonds.

Sales tax matters to low income earners, means nothing to very high earners, and it's the same story wrt a lot of other regressive & often hidden taxes & fees. Gas tax. Excise tax. So forth & so on. Hell- John McCain didn't know what kind of car he was chauffered around in, let alone the price of gas or how much of that was tax. It didn't matter to him.

The long & short of it is that very large parts of small incomes are spent on taxable items, and very large parts of very large incomes aren't. That's reflected in total taxes paid as a % of income by earners at different levels, with the big picture being that total taxes are a lot flatter than what you believe or represent them to be.

http://my.auburnjournal.com/detail/184166.html

I could cover the page with links, but you wouldn't read 'em, anyway, because your ideas are warped by a defective belief system, one that worships greed as the one true God, and the greediest among us as seers, prophets, and high priests. Facts that don't fit into that are automatically rejected, deepening your disconnect from reality. Enjoy your delusions while you can.

 

[spidey07]

So, uhh, one kind of tax is different from another? Really? They all seem to cut into my bottom line just the same, no matter which govt entity collects them.

Taxes that are insignificant to high earners matter to middle and lower income people. SS, for example, takes 6.25% of every working stiff's wages, but shrinks to insignificance for hedge fund managers. No Medicare taxes on dividends & capital gains, either. No sales taxes on real estate, businesses, stocks & bonds.

Sales tax matters to low income earners, means nothing to very high earners, and it's the same story wrt a lot of other regressive & often hidden taxes & fees. Gas tax. Excise tax. So forth & so on. Hell- John McCain didn't know what kind of car he was chauffered around in, let alone the price of gas or how much of that was tax. It didn't matter to him.

The long & short of it is that very large parts of small incomes are spent on taxable items, and very large parts of very large incomes aren't. That's reflected in total taxes paid as a % of income by earners at different levels, with the big picture being that total taxes are a lot flatter than what you believe or represent them to be.

http://my.auburnjournal.com/detail/184166.html

I could cover the page with links, but you wouldn't read 'em, anyway, because your ideas are warped by a defective belief system, one that worships greed as the one true God, and the greediest among us as seers, prophets, and high priests. Facts that don't fit into that are automatically rejected, deepening your disconnect from reality. Enjoy your delusions while you can.

Hey liberal, Hey Jhhnn. Go fuck yourself to hell. Go fuck yourself.

In applying for my mortgage I had the joy of reviewing our tax returns. We paid a total of 55k to FEDERAL INCOME TAX for an effective rate of 22.5%%. GO FUCK YOURSELF!!!!! That's just FEDERAL INCOME TAX.

You want me to feel sorry for people paying ZERO Federal income tax? Half of the fucking country pays ZERO FEDERAL INCOME TAX!!!!!!!!!!!!!!!!!

And you bring up "oh, but they pay other taxes". Well fuck you liberal, fuck you. Everybody else pays them.

Fuck you liberal, fuck you.

And one last time, fuck you liberal, fuck you. See you in 2012, you're done.

 

[JSt0rm]

Hey liberal, Hey Jhhnn. Go fuck yourself to hell. Go fuck yourself.

In applying for my mortgage I had the joy of reviewing our tax returns. We paid a total of 55k to FEDERAL INCOME TAX for an effective rate of 22.5%%. GO FUCK YOURSELF!!!!! That's just FEDERAL INCOME TAX.

You want me to feel sorry for people paying ZERO Federal income tax? Half of the fucking country pays ZERO FEDERAL INCOME TAX!!!!!!!!!!!!!!!!!

And you bring up "oh, but they pay other taxes". Well fuck you liberal, fuck you. Everybody else pays them.

Fuck you liberal, fuck you.

And one last time, fuck you liberal, fuck you. See you in 2012, you're done.

And for those taxes you live in a relatively secure part of the world during a time of great technology and progress. If you lived in a hut on the other side of the planet and roaming marauders chopped your arm off when you were 8 years old you wouldnt be paying 3 cents in income tax.

The stability created by others tax dollars have created an environment where even you, the most insane person on these forums, can make a healthy living.

You should feel good about your success.

 

[Jhhnn]

Hey liberal, Hey Jhhnn. Go fuck yourself to hell. Go fuck yourself.

In applying for my mortgage I had the joy of reviewing our tax returns. We paid a total of 55k to FEDERAL INCOME TAX for an effective rate of 22.5%%. GO FUCK YOURSELF!!!!! That's just FEDERAL INCOME TAX.

You want me to feel sorry for people paying ZERO Federal income tax? Half of the fucking country pays ZERO FEDERAL INCOME TAX!!!!!!!!!!!!!!!!!

And you bring up "oh, but they pay other taxes". Well fuck you liberal, fuck you. Everybody else pays them.

Fuck you liberal, fuck you.

And one last time, fuck you liberal, fuck you. See you in 2012, you're done.

You're so cute raving in denial, Spidey.

The half of taxpayers earning less than you paid in federal taxes would be very, very happy to earn $200K+, pay 22.5% in federal taxes, very happy indeed. I doubt they'd be squealing like a spoiled brat over what they had to pay, at all.

Might want to count your blessings rather than raving about what you give up to have them, unless creating your own demons is more appealing. I suspect it is, sad to say.

 

[Ausm]

You're so cute raving in denial, Spidey.

The half of taxpayers earning less than you paid in federal taxes would be very, very happy to earn $200K+, pay 22.5% in federal taxes, very happy indeed. I doubt they'd be squealing like a spoiled brat over what they had to pay, at all.

Might want to count your blessings rather than raving about what you give up to have them, unless creating your own demons is more appealing. I suspect it is, sad to say.

There is no reasoning with that asshole the best thing to do with him is to implement the ignore tool

 

[piasabird]

It is not capitalism that decreases the taxes, it is Socialism. The goal of socialism is to make everyone poor. It seems to be working.

 

[Ausm]

It is not capitalism that decreases the taxes, it is Socialism. The goal of socialism is to make everyone poor. It seems to be working.

LMAO you can say this when your party Privatizes the Wealth but then Socializes(only to the PEONS in society) the fallout/pain afterwords.

 

[Engineer]

Hey liberal, Hey Jhhnn. Go fuck yourself to hell. Go fuck yourself.

In applying for my mortgage I had the joy of reviewing our tax returns. We paid a total of 55k to FEDERAL INCOME TAX for an effective rate of 22.5%%. GO FUCK YOURSELF!!!!! That's just FEDERAL INCOME TAX.

You want me to feel sorry for people paying ZERO Federal income tax? Half of the fucking country pays ZERO FEDERAL INCOME TAX!!!!!!!!!!!!!!!!!

And you bring up "oh, but they pay other taxes". Well fuck you liberal, fuck you. Everybody else pays them.

Fuck you liberal, fuck you.

And one last time, fuck you liberal, fuck you. See you in 2012, you're done.

LOL...you've completely lost it. You need serious help if you're bitching about the situation you're in. I'll go along with the idea that everyone "should" pay at least a little but to do that, deductions must be taken away. If we take them away from those bottom 50%, then they should be taken away from EVERYONE, especially you!

 

[her209]

LOL...you've completely lost it. You need serious help if you're bitching about the situation you're in. I'll go along with the idea that everyone "should" pay at least a little but to do that, deductions must be taken away. If we take them away from those bottom 50%, then they should be taken away from EVERYONE, especially you!

The irony of taking a tax deduction is that you're basically telling the IRS that its not your money and you shouldn't be taxed on it.

 

[spidey07]

LOL...you've completely lost it. You need serious help if you're bitching about the situation you're in. I'll go along with the idea that everyone "should" pay at least a little but to do that, deductions must be taken away. If we take them away from those bottom 50%, then they should be taken away from EVERYONE, especially you!

Did you know that most deductions and almost all credits aren't available to "the rich" or severely phased out but are available to everybody else?

 

[her209]

Did you know that most deductions and almost all credits aren't available to "the rich" or severely phased out but are available to everybody else?

If that's true, then why are "the rich" paying loads of money to tax accountants to figure out how to lower their tax bill?

:awe:

 

[hal2kilo]

Hey liberal, Hey Jhhnn. Go fuck yourself to hell. Go fuck yourself.

In applying for my mortgage I had the joy of reviewing our tax returns. We paid a total of 55k to FEDERAL INCOME TAX for an effective rate of 22.5%%. GO FUCK YOURSELF!!!!! That's just FEDERAL INCOME TAX.

You want me to feel sorry for people paying ZERO Federal income tax? Half of the fucking country pays ZERO FEDERAL INCOME TAX!!!!!!!!!!!!!!!!!

And you bring up "oh, but they pay other taxes". Well fuck you liberal, fuck you. Everybody else pays them.

Fuck you liberal, fuck you.

And one last time, fuck you liberal, fuck you. See you in 2012, you're done.

I think the unraveling is starting.

 

[spidey07]

I think the unraveling is starting.

When people aren't outraged that half the country doesn't pay income tax and instead insist that those that do pay even more, we have a very serious problem. I wouldn't be so ticked if I didn't have to again look at how much tax we paid, that's what really set me off.