REPUBLICAN TALKING POINT DEBUNKED: HERE'S WHO WONT BE PAYING TAXES THIS YEAR

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    Aug 16, 2011 7:38 PM GMT
    "Billionaire investor Warren Buffett caused quite a stir Monday when he called on Congress to start charging him and his super-rich friends more taxes.

    On the other side of the spectrum are the nearly half of all American households — many of whom are POOR AND/OR ELDERLY — who aren't expected to have any federal income tax bill this year.

    A new report from the Tax Policy Center estimates that 46 percent American households will pay no federal income tax this year."


    http://lifeinc.today.com/_news/2011/08/15/7379308-heres-who-wont-be-paying-federal-income-taxes-this-year
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    Aug 16, 2011 7:50 PM GMT
    southbeach1500 said
    catfish5 said"Billionaire investor Warren Buffett caused quite a stir Monday when he called on Congress to start charging him and his super-rich friends more taxes.

    On the other side of the spectrum are the nearly half of all American households — many of whom are POOR AND/OR ELDERLY — who aren't expected to have any federal income tax bill this year.

    A new report from the Tax Policy Center estimates that 46 percent American households will pay no federal income tax this year."


    http://lifeinc.today.com/_news/2011/08/15/7379308-heres-who-wont-be-paying-federal-income-taxes-this-year



    And you're just finding this out now? I've been posting on here for the past 2 years that almost 50% of American households pay ZERO Federal income taxes. And many of that 50% have a negative tax liability (which means that they pay no Federal income tax and actually receive money from the Federal government).

    Anyone who favors keeping Federal government spending levels at current levels - or expanding them, needs to realize that the "real money" is to be had in this 50% group that currently pays zero Federal income taxes.

    So exactly who is it that isn't paying their "fair share?"


    Seriously?? You want to squeeze blood out of a turnip (poor/elderly on social security) when the super rich are rolling in more ill-gotten $$$ then they can possibly spend. Sick!!!
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    Aug 16, 2011 8:12 PM GMT
    southbeach said:

    Anyone who favors keeping Federal government spending levels at current levels - or expanding them, needs to realize that the "real money" is to be had in this 50% group that currently pays zero Federal income taxes.


    Wouldn't this be considered a tax increase? I thought NO TAX INCREASES was the right's mantra?????
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    Aug 16, 2011 8:21 PM GMT
    southbeach1500 said
    catfish5 said
    southbeach1500 said
    catfish5 said"Billionaire investor Warren Buffett caused quite a stir Monday when he called on Congress to start charging him and his super-rich friends more taxes.

    On the other side of the spectrum are the nearly half of all American households — many of whom are POOR AND/OR ELDERLY — who aren't expected to have any federal income tax bill this year.

    A new report from the Tax Policy Center estimates that 46 percent American households will pay no federal income tax this year."


    http://lifeinc.today.com/_news/2011/08/15/7379308-heres-who-wont-be-paying-federal-income-taxes-this-year



    And you're just finding this out now? I've been posting on here for the past 2 years that almost 50% of American households pay ZERO Federal income taxes. And many of that 50% have a negative tax liability (which means that they pay no Federal income tax and actually receive money from the Federal government).

    Anyone who favors keeping Federal government spending levels at current levels - or expanding them, needs to realize that the "real money" is to be had in this 50% group that currently pays zero Federal income taxes.

    So exactly who is it that isn't paying their "fair share?"


    Seriously?? You want to squeeze blood out of a turnip (poor/elderly on social security) when the super rich are rolling in more ill-gotten $$$ then they can possibly spend. Sick!!!



    "Ill-gotten $$$".... so money not handed out by the government is "ill-gotten."

    And... that 50% with a zero (or negative) Federal income tax liability aren't all poor / sick / elderly.

    So get your facts straight ...

    Since you apparently didn't know that 50% of households don't pay Federal income tax, you may not be aware of some other facts:

    * The debt will increase this year by $1,650 billion

    * The revenue not collected by the Federal government from the top-tier taxpayers due to the Bush tax cuts is $60 billion per year

    In light of those two other facts, how much would this year's deficit be reducted had the Bush tax cuts not been extended for "the rich?"



    You want it to be black and white. It's not black and white.

    Getting rid of the Bush tax cuts for the wealthy is estimated to reduce the deficit by $3 trillion over ten years, or $300 billion per year.

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    Aug 16, 2011 8:27 PM GMT
    southbeach1500 said
    vincent7 saidsouthbeach said:

    Anyone who favors keeping Federal government spending levels at current levels - or expanding them, needs to realize that the "real money" is to be had in this 50% group that currently pays zero Federal income taxes.


    Wouldn't this be considered a tax increase? I thought NO TAX INCREASES was the right's mantra?????



    Where in my posts on this topic am I advocating for tax increases?


    The essence of this thread seems to be that this 50% group, who are not paying income taxes, needs to pay more. Tax increase?