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Old 09-29-2008, 07:28 AM   #23 (permalink)
Poppinjay
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Location: DC/Coastal VA
Quote:
I'm confused, too. When Obama promised a tax cut for "95 percent of the people," was he aware that only about 60 percent of the people pay taxes at all? Did he mean 95 percent of the 60 percent, or did he mean that 35 percent of the people are gonna gtet a check for nothing? Or is he just clueless?
Who's clueless? The IRS reports that about 68% pay income taxes with their federal returns. ALL working citizens (native Americans on reservations are exempt) pay taxes into social security, FICA, and other goodies. It's just that the poor are more likely to be OVERCHARGED throughout the year, so they get a refund. Additionally, people with ongoing asset expenditures get refunds, usually.

So that basically means the overwhelming majority in this country are either too poor to owe on April 15, or do not have the assets to avoid paying on April 15. Piss poor record.
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