Nearly half of US households escape fed income tax

I'm proud to be part of that 47%

 

Clearly we need even a smaller portion of the population paying a higher percentage of the total tax burden. More redistribution. Let's concentrate on dividing the pie and giving it away for free instead of growing the pie.

[/sarcasm]

Out of those 47%, how many would be considered poor (low total earnings, low net-worth), and how many were just able to take advantage of non-fixed incomes (low taxable income, high total earnings, high net-worth)?

 

So is the idea that this percentage (47%) and people recieving money from the gov't is a result of Obama's actions?

 

I agree with these guys.

I feel terrible for the rich people.

God knows why they keep trying.

If they were poor they'd see how awesome it is!

 

I think you missed my question. A low income, or low taxable income doesn't mean that person or household is "poor". Are there many people showing up in that 47% that actually have high net-worth, but wrote off a lot of losses this year? Is this accounting for capital gains taxes?

 

What specific tax cuts has Obama put in place to increase this number?

Couldn't this number reflect a growing number of people who either don't have jobs or are getting paid significantly less. I guess I'm not surprised by the high percentage given the economy last year.

 

Things don't look too good do they? Factor in the state of social security and I'm wondering where our position as a nation will be in the economic world 20 years from now.

 

Let's cry for the rich some more.

It would take a lot more "redistribution of wealth" to bring the common man back up to where he was in the 60's.

Taxes are a minute part of the equation.

Bigger factors in the atttainment of the the American Dream are fair wages, affordable healthcare, affordable credit, affordable education, and zero inflation.

In my lifetime these five things have constantly been spinning down the drain with no help in sight. America is basically a caste system now.

Obviously, mandating a minimum wage comparable to the 60's (adjusting for inflation) would instantly fix the other 4 problems, and people would pay more taxes as a median family of four would make a couple hundred thousand a year.

Were this truly a Democracy and not a puppet government run by the uber-wealthy, this imbalance would never have happened.

It's simple logic, when the richest citizens eliminate the opportunity for the bulk of citizens to earn a decent living, the richest citizens are going to have to supplement the bulk of citizens.

It's called Karma, and it's a bitch.

 

Thanks . . . that's was I was looking for. Wonder what those cuts were and how much that increased the percentage . . . and why can't I be included in that percentage?

 

So the bottom half and top richest pay no taxes. That's great. Thanks, Obama.

That's why I support the flat tax. No deductions, write-offs, credits or otherwise. A flat 7% of one's income.

 

Funny... this is the first year we've had to pay.

 

No incentives to give to charitable organizations?

No incentives to save for children's college?

No incentives to save for retirement?

No incentives to buy a house? (write off interest)

 

More incentive. At 7%, my tax liability for $60K per year is cut by 50%. I'd put more than I already do to charities.

So it's up to the 97% who have more disposable income if they want to contribute or not.

 

DO you think Joe citizen will take that extra money and donate to charity. What about schooling and retirement?

My point is that I think you want a gov't that encourages college savings, buying a house and putting money away for retirement. Yes people can do taht with teh amount they save on taxes . .. but i don't think relying on that is a good idea for the future of our country.