45% pay no federal income tax at all. The bottom 20% get paid instead of paying federal income tax. Professor Standing in Shit, what do you think is their fair share to pay? How much of the money they earned do YOU think the "rich" should be allowed to keep? Almost half the country contribute nothing to federal income tax, do you think that is fair? You know that you can give the IRS more than they were going to take away if you want to, perhaps that would ease your guilt?
Originally Posted by goodolboy
Let me school you in a couple of things.
The Feds have a couple of ways of collecting taxes.
Income tax, Payroll tax and sales tax.
The poor pay the majority of their taxes via the payroll tax and sales taxes.
Now think about this....this new tax cut for the folks paying the majority of
Income Tax (Income tax is but one way we tax people) is going to cause a deficit. To make up for this tax break to the wealthy, they are planning on cutting benefits to the poor via cutting SS and Medicare.
So you in effect are cutting taxes on the rich and paying for that tax break by cutting benefits to the poor. These same poor folks who pay the majority of their taxes into SS and Medicare via
Payroll taxes( Payroll tax is the way poor people pay federal taxes) .
You think that is ok?
You need to learn the difference between regressive and progressive taxes.