Replies to post #89081 on Politics and Money

[StephanieVanbryce]

Great Post .. however, I'm afraid it's too long
and too deep for the recipient .. ;) .. but I thank YOU!... ;)

hope you have a swell weekend! .. ;)

[fuagf]

yep, excellent Federal tax article .. two bits ..

Oft-Cited 51 Percent Figure Is Temporary Spike Caused by Recession

In 2007, before the economy turned down, the share of households
with no federal income tax liability stood at 40 percent.

and



Misconceptions and Realities About Who Pays Taxes
http://www.cbpp.org/cms/?fa=view&id=3505

another here coauthored by Chuck Marr

Tax Rate for Richest 400 Taxpayers Plummeted in Recent Decades, Even as Their Pre-Tax Incomes Skyrocketed
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74240181

thanks, lesgetrich

[SOROS]

Once again, the liberal moron way of thinking rears its ugly head.

Payroll taxes are social security and medicare taxes which will be returned to these people MORE than they paid in. The chart showing they pay a higher percentage of their income in these "taxes" is because there is a limit on income taxed by payroll taxes. Why? Because those who surpass that limit will never get back what they pay in. Is this too difficult for the liberal mind? Pretty hard to argue when "Waaaa waaaa waaaa, life's not fair" trumps everything logical. And don't forget that employers are also having to match those payroll taxes at the point of an IRS gun to their heads from the sociopaths in DC.