Americans Pay More in Taxes than for Food, Clothing, and Shelter Combined

  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 12:15 AM GMT
    http://taxprof.typepad.com/taxprof_blog/2012/05/americans-pay-.html

    In 2012, Americans will pay approximately $4.041 trillion in taxes, which is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing. ... Between 1929 and the early 1980s, aggregate tax collections were less than total expenditures on housing, food, and clothing. From 1929 to 1980, tax liabilities grew from $10 billion to $751 billion, while expenditures on housing, food, and clothing grew from $41.6 billion to $775.7 billion. In 1982, total tax collections exceeded expenditures on those items. The gap between tax collections and expenditures on essential goods reached a maximum in 2000, when Americans gave 19% more to the government than they spent on these items. The growth in tax collections has halted due to economic contractions, such as the collapse of the "dot-com bubble" in 2001 and the 2007-2009 financial crisis.


    graph1_web.png
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 12:24 AM GMT
    Well then, you best have a little chat with SB, who claims half of Americans are not paying taxes.

  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 7:59 AM GMT
    meninlove said Well then, you best have a little chat with SB, who claims half of Americans are not paying taxes.



    The numbers they talk about are absolute ones. Half of Americans do not pay taxes.
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 11:27 AM GMT
    riddler78 said
    meninlove said Well then, you best have a little chat with SB, who claims half of Americans are not paying taxes.



    The numbers they talk about are absolute ones. Half of Americans do not pay taxes.


    Oooh, someone's pants are on fire. icon_lol.gif
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 2:50 PM GMT
    Christian73 said
    riddler78 said
    meninlove said Well then, you best have a little chat with SB, who claims half of Americans are not paying taxes.



    The numbers they talk about are absolute ones. Half of Americans do not pay taxes.


    Oooh, someone's pants are on fire. icon_lol.gif


    Except they're not. Oh are you counting social security contributions as taxes?
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 3:12 PM GMT
    riddler78 said
    Christian73 said
    riddler78 said
    meninlove said Well then, you best have a little chat with SB, who claims half of Americans are not paying taxes.



    The numbers they talk about are absolute ones. Half of Americans do not pay taxes.


    Oooh, someone's pants are on fire. icon_lol.gif


    Except they're not. Oh are you counting social security contributions as taxes?


    Yes, because they are taxes. And they represent 30% of all federal revenue.

    Further, those who do not pay federal income tax pay a disproportionate share of their income to state and local governments.

    And the vast majority of those who don't qualify to pay federal income tax, are elderly, students, the disabled and those who are too poor. icon_rolleyes.gif
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 3:28 PM GMT
    Christian73 saidYes, because they are taxes. And they represent 30% of all federal revenue.

    Further, those who do not pay federal income tax pay a disproportionate share of their income to state and local governments.

    And the vast majority of those who don't qualify to pay federal income tax, are elderly, students, the disabled and those who are too poor. icon_rolleyes.gif


    Ok - so for clarification, then you also accept then that if social security contributions are taxes then they bear no relationship nor should they to benefits?

    And yes - half of Americans don't pay *federal* taxes.
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 6:03 PM GMT
    Relevant addendum here - http://www.realjock.com/gayforums/2324609/
  • Posted by a hidden member.
    Log in to view his profile

    May 05, 2012 6:48 PM GMT
    riddler78 said
    In 2012, Americans will pay approximately $4.041 trillion in taxes, which is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing. ... Between 1929 and the early 1980s, aggregate tax collections were less than total expenditures on housing, food, and clothing. From 1929 to 1980, tax liabilities grew from $10 billion to $751 billion, while expenditures on housing, food, and clothing grew from $41.6 billion to $775.7 billion. In 1982, total tax collections exceeded expenditures on those items.The gap between tax collections and expenditures on essential goods reached a maximum in 2000, when Americans gave 19% more to the government than they spent on these items. The growth in tax collections has halted due to economic contractions, such as the collapse of the "dot-com bubble" in 2001 and the 2007-2009 financial crisis.


    so we're paying a lower % now than in 2000?--cool.