Article

2010-04-08 Economy

Nearly half of US households escape fed income tax

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Posted by Fred 2010-04-08 00:00|| || Front Page|| [5 views ] Top

#1 "We have 50 percent of people who are getting something for nothing," said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.

This is precisely why 44 percent still agree with the Obama administration's policies. Obama's goal is to raise this number from 50 percent to 60 percent thus create a totally dependent, democratic voting majority. If it can work in Chicago it can work nationaly and with a runaway democractic congress, he's just the man to do it.

Posted by Besoeker 2010-04-08 05:09|| 2010-04-08 05:09|| Front Page Top

#2 "When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin

Posted by eltoroverde 2010-04-08 08:59|| 2010-04-08 08:59|| Front Page Top

#3 Wanna guess who largely carries this mis-distribution of wealth and resource creation to pay for it all? Notice how the usual suspects never get around to calling wealth and resource creation an 'entitlement'.

Posted by Procopius2k 2010-04-08 09:03|| 2010-04-08 09:03|| Front Page Top

#4 If we get a national sales tax, this problem goes away.

Posted by Nimble Spemble 2010-04-08 09:44|| 2010-04-08 09:44|| Front Page Top

#5 I stumbed over a pie-chart graphic from a 1985 newpaper showing the split of income and expenditure. Nearly half came from taxpayers and (almost the same)nearly half went to indiviuals.

We've been working up to this for a long time.

Posted by Bobby 2010-04-08 12:25|| 2010-04-08 12:25|| Front Page Top

#6 And the top 1% - the Gores, Soroses, Buffetts and other Obama symps - will more than make up for their tax hit with Obama's carbon credit trading scam.

Posted by lex 2010-04-08 12:30|| 2010-04-08 12:30|| Front Page Top

#7 This pretty much explains Obama's level of popular support.

Posted by Anguper Hupomosing9418 2010-04-08 12:50|| 2010-04-08 12:50|| Front Page Top

#8 I blame Bush.

Posted by Perfesser 2010-04-08 17:25|| 2010-04-08 17:25|| Front Page Top

#9 All right folks, back off and cool down a minute. What this doesn't say is that a lot of those people are like me - retired, living off Social security (and in my case, an Air Force retirement). I usually don't owe any income tax. My personal deductions, standard deduction, and additional deductions (my wife is over 65, and I'm totally disabled), usually cover what I bring in in taxable income. BTW, I don't qualify for "earned income credit" because I don't have any "earned" income. There are a large number of people in the same boat, and that number will grow as more and more baby boomers start to retire.

Yeah, there are a lot of people that don't pay any taxes. Some of them, like 50% of those living on welfare, tick ME off, too. So do all the so-called "fat cats" that use (and abuse) the tax laws to evade taxes. But not all of us are "getting something for nothing". A lot of us earned our current retirement the hard way, and are paying the price for it now. Don't paint with too broad a brush, or consider all of us that don't pay taxes as "cheats".

Posted by Old Patriot 2010-04-08 17:56|| http://oldpatriot.blogspot.com/ 2010-04-08 17:56|| Front Page Top

#10 What OP said, and some of us work our butts off but a 1 income family don't make enough to qualify but don't want others' money.

Besides, the title is BS - anyone who draws a paycheck pays into SS and MC.

Posted by swksvolFF 2010-04-08 21:18|| 2010-04-08 21:18|| Front Page Top

#11 @OldPatriot: So you think half the taxpayers are like you?

I'll bet that when you mark your ballot, you have your wallet in mind, like any good Democrat. I think Franklin said something like, "When the people find they can vote themselves money, that will be the end of the Republic." It's up to our legislators to resist such tendencies. Yeah, right.

@swksvolFF: SS and Medicare are not "Fed Income Tax".

Posted by KBK 2010-04-08 21:45|| 2010-04-08 21:45|| Front Page Top

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