It’s Tax Day!
I for one certainly agree that we all have to do our part in supporting our country. On the other hand we shouldn't be forced to support waste and we shouldn't support some politician buying himself into office with our money.
The question is then, how much tax is too much: Bruce Bartlett wrote a column about this for Townhal.com lately.
If 2 out of 3 people think the maximum take off the government should be under 20% why is it that the public sector is sucking up 50% more than that? It's outrageous that politicians are doing this and it's outrageous that we the voters aren't doing more about it.
More below concerning how the "rich" are paying their share and more. As Brenarlo posted yesterday most people in this country think that taxes are unjust.
So we have a consensus that the tax code is unjust. I guess the only pro-tax part of this poll is that most people don't think that the "rich" pay enough of the tax bill.
The facts on the other hand show a different picture.
The richest 1% percent of us pay over third (34.27%) of all taxes while their income is only 16% of the income. So by head the richest 1% are paying 34 times their share or by income they are paying over twice their share.
The richest 10% of the population pay 66% of the bill when they only make 42% of the income.
The top 25% of the people are paying 83% of the bill while they only make 65% of the income.
I don't blame most folks for not understanding that the Rich are paying their way and then some. The Democrats and liberal press are repeating the big lie with the intent on soaking the rich and keeping themselves in power.
The question is then, how much tax is too much: Bruce Bartlett wrote a column about this for Townhal.com lately.
According to the poll, 24 percent of people think all taxes should take less than 10 percent of a person's income. Another 43 percent think they should take less than 20 percent. And an additional 22 percent of people think the tax burden should be no more than 30 percent of income.
In other words, two-thirds of Americans think that 19 percent is the most anyone should pay, and 90 percent think that a tax rate of 29 percent should be the maximum.
How does this stack up against actual tax burdens? One way to look at it is to take taxes at all levels of government as a share of the gross domestic product -- the nation's total income. In 2005, taxes came to a little over $3.5 trillion and GDP was close to $12.5 trillion, for an effective tax rate of 28.5 percent.
If 2 out of 3 people think the maximum take off the government should be under 20% why is it that the public sector is sucking up 50% more than that? It's outrageous that politicians are doing this and it's outrageous that we the voters aren't doing more about it.
More below concerning how the "rich" are paying their share and more. As Brenarlo posted yesterday most people in this country think that taxes are unjust.
The perception of unfairness is spread fairly evenly across income groups, though their reasons may differ. More than half of those who make less than $50,000 a year said the system was unfair, and more than six in 10 of those who make more than $50,000 felt that way.
More than half in the poll, 58 percent, said middle-income families pay too much income tax. People were almost as likely, 54 percent, to say that about low-income families.
Six in 10 said high-income families paid too little in taxes. Two decades ago, almost eight in 10 said high-income families paid too little.
So we have a consensus that the tax code is unjust. I guess the only pro-tax part of this poll is that most people don't think that the "rich" pay enough of the tax bill.
The facts on the other hand show a different picture.
The richest 1% percent of us pay over third (34.27%) of all taxes while their income is only 16% of the income. So by head the richest 1% are paying 34 times their share or by income they are paying over twice their share.
The richest 10% of the population pay 66% of the bill when they only make 42% of the income.
The top 25% of the people are paying 83% of the bill while they only make 65% of the income.
I don't blame most folks for not understanding that the Rich are paying their way and then some. The Democrats and liberal press are repeating the big lie with the intent on soaking the rich and keeping themselves in power.
di butler
Move_Zig
Gman
robert108
