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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (169581)	8/20/2011 11:56:57 AM
From: Cogito	Respond to of 543617

I'm with you. Also, I have a hard time buying the notion that the 50% of people who pay no income taxes are getting a free ride. First, you have to consider that the 50% includes many wealthy people who pay no income taxes. In their case, the phrase "free ride" does seem appropriate. But most of the people paying no income taxes make very little money. They're living paycheck to paycheck. They aren't exactly living it up. The bottom 50% of income earners in the US control 2.5% of the total assets. Do we need to adjust our tax code to take away what little they have?

To: Asymmetric who wrote (169581)	8/22/2011 10:44:12 AM
From: Steve Lokness	Respond to of 543617

<<<<<yet you don't mention anything about the more than 66% of U.S. corporations that don't pay any taxes?>>>> Oh the heck I haven't commented on them! I've done so repeatedly over the years and it is why I think our tax code needs to be completely redone - take most tax incentives away. People on this thread try to make this a class warfare when it's nothing of the sorts. Many - perhaps most of the those making the kind of bucks you guys want to tax more - don't pay any tax now. If you double their tax they still pay nothing because of their excellent use of lop holes and deductions. Corporate America is especially great at this and as you remind us 66% pay no tax. If they all paid 20% wouldn't we be better off?