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First recorded activity by BoatBanter: Aug 2009
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Default I will pay more in federal income taxes this year than ExxonMobil

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...
On Thu, 8 Apr 2010 22:13:24 -0700, "nom=de=plume"
wrote:

"About 47 percent will pay no federal income taxes at all for 2009. Either
their incomes were too low, or they qualified for enough credits,
deductions
and exemptions to eliminate their liability."

Your philosophy: Soak the middle/lower earners, let the rich get richer.

--
Nom=de=Plume


When you have families in the $40-50k a year range paying zero taxes
and 2 people making $70-80k paying 10% tax, I don't think anybody is
soaking the little guy.


You're really just playing with numbers. How many in that family? What
deductions are they taking? Certainly not just the standard deduction. Two
people who make the amount specified must also have something else going on.
Not sure where you're getting your numbers on the tax bracket, but I believe
this is accurate:
http://www.bargaineering.com/article...projected.html

Like I asked BP, what is this middle class who is getting soaked?
With the new tax changes people making over $250k are probably going
to be paying close to 90% of the taxes.


Well, that seems about right or perhaps a bit high.

If you really want to see some taxes, get that "free" public health
care thing going. It ads about 25% to the average Canadian's tax bill,
far more than that for a Frenchman


Except that they get a great benefit. They live longer and have far better
outcomes. In addition, without starting to reform the healthcare/ins.
system, the costs will go way beyond what you're quoting. That path will
lead to a true economic meltdown. What happened legislatively wasn't enough,
far from it, but it's going in the right direction. As someone said, you're
either on the bus or off the bus. I'd prefer to be on the bus.

--
Nom=de=Plume


 
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