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Old 09-18-2010, 02:23 AM   #30 (permalink)
dogzilla
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Location: New York
Quote:
Originally Posted by Tully Mars View Post
You shouldn't be surprised by the numbers. But one thing to think about is those tax rates, schedules and % is most of them are a direct result of the Bush Jr. tax cuts that Conservatives love so much. Another thing to consider is it's basically a not factual to say 30, 40 or even 50% of people don't pay taxes. Because the source and the number provided in it are only looking at income tax. When the CBO released a study of analyzed total effective federal tax rates by income, and comes up with the following "Effective fed tax rates"-

Lowest 20 percent………$15,900 ……………………4.3 percent

Second 20 percent…….. $37,400…………………… 9.9 percent

Middle 20 percent……….$58,500………………….. 14.2 percent

Fourth 20 percent……….,$85,200………………….. 17.4 percent

Top 20 percent…………..$231.300…………………..25.5 percent

Top 1 percent…………..$1,558,500………………….31.2 percent

These numbers include things like gas taxes, fees, etc...

So who's paying 0% in fed taxes? Pretty much no one, but it's a good lie and it gets the base fired up.
So why should anybody get to pay 0% in income tax if they have an income? What difference does it make whether they pay other taxes or not? If you want the benefits of a government then you should be contributing to that government if you have an income.
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