Tuesday, April 15, 2014

I'll Ask Again, "Who Isn't Paying Their Fair Share?"

Hat tip CNS News:
Taxpayers earning $100,000 or more a year pay 71.6% of the nation’s share in individual federal income taxes, according to the latest data from the Internal Revenue Service (IRS) from 2011.
You might wonder what percentage of tax payers fall into that $100,000 plus bracket...
In 2011, according to the IRS, there were 145,370,240 individual income tax returns filed. Among those returns, 125,914,418 or 86.6%, belonged to taxpayers earning a salary less than $100,000. The remaining 19,455,822 returns belonged to those taxpayers earning more than $100,000, or 13.4% of the total. 
While those top earners, earning six figures or more, represented only 13.4% of the total number of individual income tax returns reported to the IRS, they contributed nearly three-fourths of the total amount of federal  tax revenue from individual filers reported for that year.
So, 13.4% of taxpayers pay 71.6% of all income taxes.

I'll ask again for our "progressive" friends, who is it exactly that isn't paying their fair share?

When more than 47% of Americans pay no income taxes at all, it's obvious to see who isn't paying their fair share and it isn't the folks paying three quarters of the taxes in this country.

Oh yes, let me stop you loons now, "nearly have those 47% work and pay social security and other taxes."  It's funny how social security is only considered a tax by the left when they use it to excuse the parasites in our society.

The fact is those making $100k or more salaries also pay those taxes and many others.  They pay capital gains taxes, sales taxes, property taxes, taxes on their phones and energy uses, taxes, taxes, every where there is taxes.

Even worse, of those 13.7% who are bearing the brunt of income taxation in this country that happen to also be employers, guess what, they are also paying the other half of the social security and medicare taxes the small percentage of workers in the 47% claim excuses them from income taxes.

The simple fact is that the federal government's spending has gotten so out of hand they can't seem to find enough money to steal from productive people.  They've even taken to going after the children of social security recipients that the federal government was so incompetent in paying that they paid them too much.

Meanwhile, the IRS continues to shell out billions per year in child tax credits to illegal immigrants.

Don't expect the left to change their tune on redistributive taxation anytime soon... with only 13.7% of taxpayers footing the majority of the bill, they will be able to find plenty of parasite voters lining up to get their "fair share" of other people's hard work.


Byron Funkhouser said...

How much do your rich overlords pay you for this nonsense?

People who have money pay taxes. People who don't have money don't pay taxes. Duh!

theKansasCitian said...

You are an idiot Funkhouser. Who pays you to sit in your basement in your underwear and troll?

Facts do not lie.

Anonymous said...

I have a question!


Low- and moderate-income people pay a much larger share of their incomes in federal payroll taxes than high-income people do.

Taxpayers in the bottom 20 percent of the income scale paid an average of 8.8 percent of their incomes in payroll taxes in 2007, compared to 1.6 percent of income for those in the top 1 percent of the income distribution.

Read about it, nitwit.

You parrot the right wing song and dance as good as anyone I've ever heard, but are you even capable of having a thought on your own? One that isn't generated by some right-wing web site or conservative blog?


Yeah I didn't think so.

Anonymous said...

Are you capable of independent thought, anon? I know you libs love to label everyone else for what you actually do, so I will take your nitwit comment as you calling yourself out for your regurgitations of progressive nonsense.

The percentage of income comment is a joke. The wealthy pay far more in taxes than the poor and lower middle class. In most cases the rich pay between 50 and 70% of their income in state, local, and federal taxes.

One could hardly claim those making 100k are rich, especially in high cost of leaving areas like NY and CA.

It's unintelligent nonsense that ignores the facts of who is paying for what.

How much of other people's money and labor is the government entitled to? How much of other people's money do lazy parasites deserve?

Anonymous said...

A couple of things to consider to those on the left. It would be nice to have a low inequality, high-functioning nation with an extensive social safety net like Finland, Norway or Japan. But you cannot have such a system if there is too high a percentage of tax consumers to tax payers. Each nation has a certain carrying capacity where the productive are able to take care of the young, elderly and incapacitated. Exceed that and the safety net starts to fray.

With that said, you cannot continue to bring in millions of immigrants annually who are going to form a permanent underclass.

First, diversity inevitably increases inequality as different ethnic and racial groups revert toward their mean over time. You don't see such drastic inequality in Japan or Finland since the overwhelming majority of those nations are of the same ethnicity. I know the left is counting on the votes of these newly minted citizens for their electoral success, given that their support among the traditional American population is topping out around 40% to 45%. But if an equal society is your goal, the more diverse you make this nation, the greater the inequality you will create.

Second, if you want to continue to provide good benefits, you need to cherry pick only those immigrants capable of earning those $100K jobs so that they can be tax contributors. Personally I am not a fan of this because it is a brain drain on the poor nations that lose this talent. But if your goal is an equal society with a generous social safety net, you cannot flood the nation with more net tax consumers.

Cindy Dy said...

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