- Jul 5, 2005
- 46,662
- 19,812
- Country
- United States
- Faith
- Non-Denom
- Marital Status
- Single
- Politics
- US-Republican
It seems everywhere I look these days, the left is constantly wanting new entitlements. When those of us on the right say we can't afford that stuff, we're told that we just need to increase taxes on the wealthy.
"They just need to pay their fair share!" they say, as if the rich aren't paying enough. But that doesn't match up with reality.
In fact, the top 40% of earners in this country pay 106% of the taxes! The bottom 40% pay -9%. Yes, you read that right. NEGATIVE NINE PERCENT!
Those on the top tax bracket paid 69% of all the taxes.
Top 40% paying ALL income taxes, and leaving a tip
The reason why the lower 40% pay negative taxes is the tax credits and other benefits they get from the government. So, I'm wondering, as a capitalist who believes people should get to keep more of what they earn, why we need to keep placing an even larger and larger burden on those who the money and are already keeping everything afloat as it is.
We already have many entitlements, grants, and tax breaks for those making less. Why do we need to keep giving them more and more?
"They just need to pay their fair share!" they say, as if the rich aren't paying enough. But that doesn't match up with reality.
In fact, the top 40% of earners in this country pay 106% of the taxes! The bottom 40% pay -9%. Yes, you read that right. NEGATIVE NINE PERCENT!
Those on the top tax bracket paid 69% of all the taxes.
Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent.
Top 40% paying ALL income taxes, and leaving a tip
The reason why the lower 40% pay negative taxes is the tax credits and other benefits they get from the government. So, I'm wondering, as a capitalist who believes people should get to keep more of what they earn, why we need to keep placing an even larger and larger burden on those who the money and are already keeping everything afloat as it is.
We already have many entitlements, grants, and tax breaks for those making less. Why do we need to keep giving them more and more?