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Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]40% of US households don't pay any net federal income tax. Zero. And I am sure they are among the ones calling for the others to pay more[/quote] Disingenuous. There's a 15% tax starting from their first dollar of income.[/quote] There's not even a 15% tax bracket in the US. 10% from $0-11,925 (single fileer), 12% $11,926 – $48,475 22%: $48,476 – $103,350. Where's this 15% you come up with? Standard deduction is $15,750 for single filer.[/quote] You don't seem to understand the tax system. Hint: there are income taxes that don't go by the name "income tax".[/quote] Not really. I wouldn't consider payroll taxes an "income tax" just because they are deducted from one's paycheck. [/quote] Doesn’t matter what [b]you[/b] “would consider” darling. Facts is facts.[/quote]OASDI is a Federally mandated life annuity with right of survivorship (a lousy one for higher income earners…) it doesn’t fund the real government and Medicare is just paying for your own old age health insurance (and it’s much more expensive for higher earners).[/quote] And half of your other federal taxes just go to a federally mandated security service. What's your point? Taxes are taxes. Federal programs are federal programs.[/quote]One is effectively enforced savings for oneself, the other is for general public use.[/quote]
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