Yeah I pay my fair share. I resent the wealthy that don't pay their fare share. Some 3,000 of the 1% don't pay any income tax, and others that do get huge loop holes to pay a lot less then they should. Then their are the big corporations that don't pay their fair share. 1 in 4 don't pay any income tax. There is a 12 story building on the Cayman islands that has 19,000 companies on those 12 floors. These companies don't conduct business there, they just use the address to keep from paying income taxes. To add insult to injury, some of these companies get corporate welfare. So who makes up for these sluggards?? The hard working Americans, who can't buy big tax loop holes from congress!!!
Because the american public voted those people into office and ultimately it is our fault the tax system is what it is. It's because we voted in people who made it that way and were not held accountible for it.
Every single president, senator and representative all the way back to the IRS being founded. Who voted them in?
I've always paid what I felt was more than my fair share of taxes! I'm usually not able to itemize and get any additional benefit. Since I was married to my children's father until they were adults, I never received earned income credit. I never received as much tax credit as I felt I should for child care while I worked. Our tax system sucks, and no one seems very interested in simplifying it and making it really fair!
You know as long as the fat cats have their claws into congress that no matter what attempts are made, there will be loopholes for them to exploit. They'll gaurentee it.
My husband and I will be paying in as usual. My oldest daughter on the other hand and her boyfriend are getting back over 5,300, they paid in a little over 3,000, so they are getting everything they paid in back plus over 2,000 more to boot.
omg,i get back around 800 and some get back around 7K! what happened to keeping what you work for? sounds unfair to me. feels like one is being punished for being successful
no one pays their fair share. fair share is a commie phrase that means everything goes to the government and you get back in goods and services what they think you deserve.
So a family of 4 making $30,000 is unfairly freeloading because after the mortgage deduction, childcare, education credits, etc., they don't pay any federal taxes? Oh, that seems so unfair compared to someone like Romney who can't afford to get by on his $42,000,000 after paying less than 15% in taxes. Yes, tax the middle class and the poor. In the name of fairness, for goodness sake.
As per the Tax Policy Center, this is the break down of the full 100%
53.6% paid income tax
28.3% paid payroll tax
10.3% are elderly
6.9% are non elderly who did not earn more then 20k
So his 47%? over HALF of them owned buisnesses! (It's interesting that Romney had insulted members of his own party with that comment..)
That leaves just 1% of the people who did not pay for none of the above reasons.
This is not breaking it down by income, this is very simply the source of his 47%, where he did not clarify nor even offered much of an apology for until it was too late and he was going across the board.
Stop trying to confuse the issue by throwing qualifiers that were never included to begin with. The tax breakdown by income is NOT RELEVANT to the source of romney's 47%.
Definitions time here.
Income tax - Tax based on income earned.
Payroll Tax - Tax paid by the employer to empoloyees for work done.
Buisness owners do not pay an income tax from their own buisnesses. They quite often pay sales tax.
Payroll tax is what they pay when they have employees, which usually is a matching amount to the income tax that employees have to pay on a dollar for dollar basis.
Those two categories right there is already 82% of the money paid in. Where's your 47% now?
And now you look at the context in which he used that 47%. The context in which he cited the 47% was in a candid meeting with party supports and claimed 47% of the people in the US are looking for handouts from the gov't.
That includes retirees, disabled, and buisness owners too?
Tell me, have you ever OWNED a buisness? Have you had any kind of accounting classes or buisness classes? do you even know what a W4 form is?
Bottom line... just because someone does not pay income tax, does NOT mean they are not paying any kind of tax all together, which the one vital bit of context that folks like to very conveniently ignore.
You need to look up the tax laws on what a Sole proprietorship pays.
Sole proprietorship's and partnersnips are the most common method that buisnesses are structured as, not as corporations since it is considred that the owner(s) assume ALL liability of the buisness, instead of liability being owned by the buisness entity and the owners are paid out as if they were employed by it.
So to that end they do not pay income tax since all profits and losses go directly into their bank accounts, not paid out and reported on a W2 or W4 form.
But, If you had owned any buisnesses then you would have known about all that already. Apparently you didn't so I an seriously questioning how truthful you are, and for note, I have no tolerance for liars.
Every single president, senator and representative all the way back to the IRS being founded. Who voted them in?
We did.
My husband and I will be paying in as usual. My oldest daughter on the other hand and her boyfriend are getting back over 5,300, they paid in a little over 3,000, so they are getting everything they paid in back plus over 2,000 more to boot.
All completely legal of course.
Sarcasm intended.
As per the Tax Policy Center, this is the break down of the full 100%
53.6% paid income tax
28.3% paid payroll tax
10.3% are elderly
6.9% are non elderly who did not earn more then 20k
So his 47%? over HALF of them owned buisnesses! (It's interesting that Romney had insulted members of his own party with that comment..)
That leaves just 1% of the people who did not pay for none of the above reasons.
This is not breaking it down by income, this is very simply the source of his 47%, where he did not clarify nor even offered much of an apology for until it was too late and he was going across the board.
Stop trying to confuse the issue by throwing qualifiers that were never included to begin with. The tax breakdown by income is NOT RELEVANT to the source of romney's 47%.
Definitions time here.
Income tax - Tax based on income earned.
Payroll Tax - Tax paid by the employer to empoloyees for work done.
Buisness owners do not pay an income tax from their own buisnesses. They quite often pay sales tax.
Payroll tax is what they pay when they have employees, which usually is a matching amount to the income tax that employees have to pay on a dollar for dollar basis.
Those two categories right there is already 82% of the money paid in. Where's your 47% now?
And now you look at the context in which he used that 47%. The context in which he cited the 47% was in a candid meeting with party supports and claimed 47% of the people in the US are looking for handouts from the gov't.
That includes retirees, disabled, and buisness owners too?
Tell me, have you ever OWNED a buisness? Have you had any kind of accounting classes or buisness classes? do you even know what a W4 form is?
Bottom line... just because someone does not pay income tax, does NOT mean they are not paying any kind of tax all together, which the one vital bit of context that folks like to very conveniently ignore.
Sole proprietorship's and partnersnips are the most common method that buisnesses are structured as, not as corporations since it is considred that the owner(s) assume ALL liability of the buisness, instead of liability being owned by the buisness entity and the owners are paid out as if they were employed by it.
So to that end they do not pay income tax since all profits and losses go directly into their bank accounts, not paid out and reported on a W2 or W4 form.
But, If you had owned any buisnesses then you would have known about all that already. Apparently you didn't so I an seriously questioning how truthful you are, and for note, I have no tolerance for liars.
Good bye.