Okay hack away about tax income

gilesfan said:
What does the constitution say about 50% of people not paying taxes while others pay 40% of their earnings?
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Who pays 40% of their earnings?

I'd like to see that person and offer to do their taxes for them for the difference in cost. Even if you file standard deductible and nothing else you don't get 40%.

That being said, I'm not shocked about your lack of knowledge on the subject. The 50% who didn't pay income tax still paid payroll taxes, state income taxes, etc. Now if you want to talk to me about an injustice, let's talk about the payroll tax cap. Why do people earning over 108.6K pay the same effective payrolltax as someone making 108.6K. Think about that while you're crying in your tax forms.
 
zitothebrave said:
Who pays 40% of their earnings?

I'd like to see that person and offer to do their taxes for them for the difference in cost. Even if you file standard deductible and nothing else you don't get 40%.

That being said, I'm not shocked about your lack of knowledge on the subject. The 50% who didn't pay income tax still paid payroll taxes, state income taxes, etc. Now if you want to talk to me about an injustice, let's talk about the payroll tax cap. Why do people earning over 108.6K pay the same effective payrolltax as someone making 108.6K. Think about that while you're crying in your tax forms.
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Payroll taxes are not taxes, at least not in the same sense as income or property taxes.

With FICA and Medicare "taxes", the payer is putting money into an account that he or she will draw from at some point. I can't draw your Social Security or Medicare, at least not in theory. It's not the same as putting all the tax receipts into a pool and using that money for the "common good." We all receive benefits from the income taxes we pay, but not a direct benefit that can be tied back to the amount we contributed. The person who pays no income tax isn't contributing one dime to roads, social programs, national defense, or other government agencies. He or she is only paying into what is basically a retirement program that covers his or her post-retirement income and healthcare. And he or she is only paying half of that, as his/her employer is matching it dollar for dollar. You and I (and others who pay income tax) are funding the government. Those who pay no income tax are funding themselves, assuming they live long enough to draw their benefits.

Sorry, but that is a pet peeve of mine, when people throw payroll "taxes" out to imply that those who pay no income tax are still paying their fair share. The 50% that aren't paying income taxes are riding in that respect.
 
DirkPiggler said:
Payroll taxes are not taxes, at least not in the same sense as income or property taxes.

With FICA and Medicare "taxes", the payer is putting money into an account that he or she will draw from at some point. I can't draw your Social Security or Medicare, at least not in theory. It's not the same as putting all the tax receipts into a pool and using that money for the "common good." We all receive benefits from the income taxes we pay, but not a direct benefit that can be tied back to the amount we contributed. The person who pays no income tax isn't contributing one dime to roads, social programs, national defense, or other government agencies. He or she is only paying into what is basically a retirement program that covers his or her post-retirement income and healthcare. And he or she is only paying half of that, as his/her employer is matching it dollar for dollar. You and I (and others who pay income tax) are funding the government. Those who pay no income tax are funding themselves, assuming they live long enough to draw their benefits.

Sorry, but that is a pet peeve of mine, when people throw payroll "taxes" out to imply that those who pay no income tax are still paying their fair share. The 50% that aren't paying income taxes are riding in that respect.
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Well, odds are the people who pay income taxes aren't contributing much to roads as roads are traditionally maintained by gas taxes and IIRC property taxes for local streets.

That being said, the odds of someone poor living until they're old enough to collect medicare, SS, etc. is much lower than the odds of someone who's wealthy.

That being said, I don't have any desire to discuss the 50% any more. If you look at the numbers even a little, then you'll understand why it's stupid to cite as a problem when we have so many more issues.
 
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