Who Pays Almost All Federal Income Tax?

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I always hear people talking about who pays what and how unfair it is to the middle class for there tax burden. You think you got problems try being rich.
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Who Pays Almost All Federal Income Tax?

House Speaker Nancy Pelosi and fellow Democrats have talked about repealing President Bush?s tax cuts for upper-income Americans. But those who earn the most money ? and invest the most in the economy ? are already paying almost all federal personal income taxes, a recent report reveals.

Congress? Joint Economic Committee disclosed that the richer half of the American population pays nearly 97 percent of income taxes. Most of that, 54 percent, is paid by those in the top 5 percent, Investor?s Business Daily (IBD) disclosed.

And the richest of the rich ? just the top 1 percent ? pay a hefty 34 percent of all personal income taxes collected by the federal government.

Meanwhile, about 14 million lower-income Americans have been removed from the income tax rolls since 2000 due to the earned income tax credit and the per-child tax credit, IBD reports.

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@Drnaline,

In Canada I pay 53 percent income tax, we pay provincial tax and federal tax on "Everything" in life and on top of that we have a harmonized tax at 14%. We are even taxed when we die. When I gas up at the pumps a 53 dollar gas bill of that 33 dollars is three layers of taxes. I need to go have a little lye down now.

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@Drnaline,

Of course they do, why wouldn't they? This is a silly thread. They make more money, they pay more taxes. As they should.

Next thing you know I'll be finding out that people who eat the most food spend the most money on food. Or that people who drive the farthest distances buy more fuel.

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@Drnaline,

Really so a female that has five kids (by different fathers) can receive welfare in my province for 18 years and pay no taxes but it's okay for me to support a whore who got pregnant mulitiple times so she wouldn't have to work and that's fair? I don't think so. I have no issue with social safty nets but this policy of three generation of welfare rats is beginning to make me really angry. I work hard and contribute taxes, she has sex with multiple partners and she's rewarded with a three monthly checks. Welfare, babybonus and a HST refund. Total income $2300 a month. A working stiff who makes ten dollars an hour doesn't make as much as she does and he pays taxes.

No wonder I hate the socialist movement.

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@Red cv,

Red;10362 wrote:

Really so a female that has five kids (by different fathers) can receive welfare in my province for 18 years and pay no taxes but it's okay for me to support a whore who got pregnant mulitiple times so she wouldn't have to work and that's fair? I don't think so. I have no issue with social safty nets but this policy of three generation of welfare rats is beginning to make me really angry. I work hard and contribute taxes, she has sex with multiple partners and she's rewarded with a three monthly checks. Welfare, babybonus and a HST refund. Total income $2300 a month. A working stiff who makes ten dollars an hour doesn't make as much as she does and he pays taxes.

No wonder I hate the socialist movement.

It's hard to really see what you're saying here, but it's pretty typical conservative bullshit. Are there people out there that abuse the welfare system? Of course. Are there rich people/large corporations out there that abuse loopholes in the tax system? Of course. But let's not speak of those. Oh, no. It's so comforting to think of all those people getting rich off of welfare. Why, just last week, my cousin bought a new yacht and mansion in the carribean off of all the money she stole from the taxpayers via the welfare system!

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@Drnaline,

The difference between your comparisons is that the welfare women is using someone elses money as to the corporation is trying to keep what it made. If you don't see that you must be on welfare. If not why do you go to work? Not to profit from your labor, how anti social of you.

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@Drnaline,

I see. So I'm just going to quit paying my taxes now, then. I'll just be "trying to keep what made."

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@Drnaline,

That is your option. As you know with the IRS, there are penalties for doing so. You are correct, it is your money. Even when you give it to them, it is still your money. All those corporations have share holders who are expecting a profit. Not to much to ask for moneys invested in doing that very same thing, make a profit. Oil companys work under the same guise.
So where is the legion of doom located? Is it in the states? So then i can assume you file your taxes? When you file do you just send them a blank check and tell then to fill it out or do you sit down and figure out the most minimum amount of moneys to claim. My guess is you do the same thing those evil corporations do.
If you go to a tax service and this service told you of such a loop hole, your telling me you wouldn't exploit it? You think the government doesn't use enough of your money?

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@Professor Chaos,

Professor Chaos;10364 wrote:

It's hard to really see what you're saying here, but it's pretty typical conservative bull****. Are there people out there that abuse the welfare system? Of course. Are there rich people/large corporations out there that abuse loopholes in the tax system? Of course. But let's not speak of those. Oh, no. It's so comforting to think of all those people getting rich off of welfare. Why, just last week, my cousin bought a new yacht and mansion in the carribean off of all the money she stole from the taxpayers via the welfare system!

Good for your cousin, the young hoes in NS don't aspire for the granduer of a yacht they just want enough to buy smokes and go to bingo and occasionally feed the hoard they brought into the world.

Great post Drnaline, you hit the nail on hit.

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@Drnaline,

Yeah, welfare mom's do MUCH more damage to American taxpayers than guys like Kenneth Lay.

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@Drnaline,

I think the arguement comes down to, the harder one works the more he gets whacked on payday, where as those who milk the system of those hard earned tax dollars you just paid to the government, sit around and do jack squat. there is no sense defending the wealthy, they take care of themselves, that is why they are wealthy. It's the middle class family that feels the most indignant. It's simple human nature, you cannot expect some to work hard and barely get by, while others do better by doing nothing. It generates envy and anger.
The welfare system creates a learned sense of hopelessness in an entire segment of the population. They actually begin to believe that they are entitled to a free ride because the system tells them so. It's a socio-economic problem that will only snowball as the population grows.
My fore fathers who came to this country in the late 1800's and early 1900's had no safety net. They knew it was up to themselves to provide a living. They worked hard just like every other poor immigrant who came over in waves. They just wanted an oppurtunity to work. Today's poor that abuse the system don't want to work. They just want the hand outs that they are "entitled" too. I say anyone on welfare must work in a public works program to earn their money. Building roads , Bridges, litter pick-up etc.... Let's see if they go out and get a job then.

1 Reply

@Drnaline,

Dmiser, a great post and I concur with your conclusion. I can't image not having to earn or work towards goals, by giving someone a life time income i.e. Welfare you are taking their sense of selfworth. That lack of selfworth and entitlement is passed on to the second generation and now it's the third. I'd like to see the cycle stopped, lets help and aide them off welfare and break the cycle.

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@Drnaline,

Yes, but they must also as ZoZo said on another thread: "be taught to fish".

1 Reply

@Drnaline,

I covered that, the public works program. They earn their money and learn job skills at same time. Because god knows they won't take the initative to learn anything on their own.

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@Dmizer,

Dmizer;10586 wrote:

I think the arguement comes down to, the harder one works the more he gets whacked on payday, where as those who milk the system of those hard earned tax dollars you just paid to the government, sit around and do jack squat. there is no sense defending the wealthy, they take care of themselves, that is why they are wealthy. It's the middle class family that feels the most indignant. It's simple human nature, you cannot expect some to work hard and barely get by, while others do better by doing nothing. It generates envy and anger.
The welfare system creates a learned sense of hopelessness in an entire segment of the population. They actually begin to believe that they are entitled to a free ride because the system tells them so. It's a socio-economic problem that will only snowball as the population grows.
My fore fathers who came to this country in the late 1800's and early 1900's had no safety net. They knew it was up to themselves to provide a living. They worked hard just like every other poor immigrant who came over in waves. They just wanted an oppurtunity to work. Today's poor that abuse the system don't want to work. They just want the hand outs that they are "entitled" too. I say anyone on welfare must work in a public works program to earn their money. Building roads , Bridges, litter pick-up etc.... Let's see if they go out and get a job then.

Quote:

It's simple human nature, you cannot expect some to work hard and barely get by, while others do better by doing nothing. It generates envy and anger.

Dam straight, and i think politicians do it on purpose. Keeps there voting class's separate. Those sumbitches. I agree with Red, great post for telling it like it is.

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@markx15,

markx15;10615 wrote:

Yes, but they must also as ZoZo said on another thread: "be taught to fish".

I think the fishing some learned was how to fish off the government.

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@Drnaline,

Thanks Dr. but my mouth usually lands me in hot water. I have no issue with someone on Welfare being allowed to work, apprenticeship, intern, or job shadow for additional income. Here we only allow them to earn max. $2000 a year. Up the amount and motivate these people. Fishing isn't a good analogy thou, the Federal Liberals distroyed what use to be Nova Scotia's strongest employer "Fishing".

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@Drnaline,

Those libbys do it every time.

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@Drnaline,

Yes they do Dr, but they believe we are evil and they are more "tolerant, smarter, they have a god given right to rule a country" I'll stop there because the list is so longgggggggggggggggggggggggggggggggggg.

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@Drnaline,

They have to think that, how else could the tolerate themselves?

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Who Pays Almost All Federal Income Tax?

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