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Who Pays Taxes?
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Box A Rox
September 18, 2012, 5:54am Report to Moderator

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Who pays taxes in the USA?
What percent pays no taxes at all???

Excluding the young, many in college, and the retired, (both groups should pay less or no taxes)...
the rest of America, the vast majority of America... NEAR 80% PAY TAXES.


The Brookings Institute.
http://www.brookings.edu/blogs/jobs/posts/2012/04/06-jobs-greenstone-looney



The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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Shadow
September 18, 2012, 6:02am Report to Moderator
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Michael Greenstone

Director, The Hamilton Project, and Senior Fellow, Economic Studies

Economic Studies, The Hamilton Project

Michael Greenstone is the 3M Professor of Environmental Economics in the Department of Economics at the Massachusetts Institute of Technology. From 2009-10 he served as the chief economist at the White House’s Council of Economic Advisers. His research is focused on estimating the costs and benefits of environmental quality and the consequences of government regulation.
More Posts from Michael >|View Expert Page >





Adam Looney

Policy Director, The Hamilton Project, and Senior Fellow, Economic Studies

Economic Studies, The Hamilton Project



Adam Looney is a senior fellow in Economic Studies and policy director of The Hamilton Project. His research focuses on tax policy, labor economics, inequality and social policy. Previously, Looney was the senior economist for public finance and tax policy with the President’s Council of Economic Advisers and has been an economist at the Federal Reserve Board.
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Libertarian4life
September 18, 2012, 6:34am Report to Moderator

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Corporations pay the least taxes
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Shadow
September 18, 2012, 6:37am Report to Moderator
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Then change the tax code, something the Dems don't want to do, and force the corporations to pay their fair share.
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Box A Rox
September 18, 2012, 6:44am Report to Moderator

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It's those Govt hatin, Right Wing, Militia lovin, Gun totin CONSERVATIVE REPUBLICANS who don't pay taxes!


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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55tbird
September 18, 2012, 8:15am Report to Moderator
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Quoted from Box A Rox
Who pays taxes in the USA?
What percent pays no taxes at all???

Excluding the young, many in college, and the retired, (both groups should pay less or no taxes)...
the rest of America, the vast majority of America... NEAR 80% PAY TAXES.


The Brookings Institute.
http://www.brookings.edu/blogs/jobs/posts/2012/04/06-jobs-greenstone-looney



Taking into consideration the increasing number of people living longer and thus collecting SS longer, AND the reduced number of people in the workforce, this Graph brings home the fact that we can NO longer fund the entitlement programs at the level we do. No politician has the courage to say it.


"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
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CICERO
September 18, 2012, 8:18am Report to Moderator

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Nobody pays taxes; we all pay for these government programs through inflation.  Inflation steals your money a nickel at a time, gradually clearing out your savings and returning it to the 1%

You don't accumulate $16 tillion in debt and run a $1 trllion annual deficit by paying your bills on time.


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Libertarian4life
September 18, 2012, 10:01am Report to Moderator

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Quoted from CICERO
Nobody pays taxes; we all pay for these government programs through inflation.  Inflation steals your money a nickel at a time, gradually clearing out your savings and returning it to the 1%

You don't accumulate $16 tillion in debt and run a $1 trllion annual deficit by paying your bills on time.


This is the result of trickle down theory being morfed into trickle offshore economics.

How does a country spend 16 trillion and have nothing to show for it?

It was all sent to offshore accounts.

Nothing trickled down in the US except the increased flow of poverty.

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Rusty Shackleford
September 18, 2012, 10:03am Report to Moderator
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Quoted from Libertarian4life


It was all sent to offshore accounts.


Assuming you're speaking of the CURRENT administration, you're right, China.  
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Libertarian4life
September 18, 2012, 10:05am Report to Moderator

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Quoted from 1975


Assuming you're speaking of the CURRENT administration, you're right, China.  


Well Obama sent 6 trillion on his watch.

The other 10 trillion came from Bush lite.

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Rusty Shackleford
September 18, 2012, 10:08am Report to Moderator
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Quoted from Libertarian4life


Well Obama sent 6 trillion on his watch.

The other 10 trillion came from Bush lite.



No, the other 6 billion came from the 40+ previous administrations, interest included.  Obama has added 60%  to the last 200 years of debt.

But that's ok - you go ahead and vote for Ron Paul or Obama ... you won't be around (neither will I) when our kids and grandkids need to repay that debt.

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CICERO
September 18, 2012, 10:26am Report to Moderator

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Quoted from 1975


But that's ok - you go ahead and vote for Ron Paul or Obama ... you won't be around (neither will I) when our kids and grandkids need to repay that debt.


Are you suggesting Romney has a secret formula that will prevent my kids from paying the massive entitlement and war debt?  I'd like to hear more about it.


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Libertarian4life
September 18, 2012, 10:33am Report to Moderator

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Quoted from 1975


No, the other 6 billion came from the 40+ previous administrations, interest included.  Obama has added 60%  to the last 200 years of debt.

But that's ok - you go ahead and vote for Ron Paul or Obama ... you won't be around (neither will I) when our kids and grandkids need to repay that debt.



Raegan started the debt with massive tax cuts for the rich.

Obama's deficit never went over 2 trillion in any year.

It's been like 1.7, 1.6, 1.7 and still less than 2 trillion projected for 2012.

You must think he should have just let the inherited, pending, bankrupt nation occur.

Avoiding bankruptcy costs money.

Tax cuts for the rich caused the national debt.

It started with Ronald Raegan.

So, no it wasn't 41 previous administrations.

It was Raegan, Bush and Bush.

Clinton did not add to the debt. He reduced it.

The debt before the Raegan tax cuts was almost immeasurably small.

All the money has been siphoned up, instead of trickled down.

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Rusty Shackleford
September 18, 2012, 10:50am Report to Moderator
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L4L - you've been drinking too much kool-aid.  I'm not suggesting you switch to tea, but wake up and smell the roses.  You're more intelligent than that.
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Shadow
September 18, 2012, 11:25am Report to Moderator
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How much has our dollar dropped in value since Obama and Ben started up the old printing presses?? That's a form of debt as well as our credit rating being lowered.
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