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[quote=Anonymous][quote=Anonymous] My "fair share" is already 1/3 of my income. Half the people in this country pay zip. That's the height of unfairness.[/quote] NP here. First, I think most people want the dividend tax rules changes. There's a significant amount of millionaires that actually don't work and only pay 15% tax on their dividend income. Second, those people that paid "no tax" used the exact same deductions as you did. The child care credit, standard deduction, etc. Its just that once they deducted those things, they owned nothing. Most paid Social Security and Medicare, so its not as if they got off completely "free". And the 50% is a high mark. It was 40% in 2007. The statistics have only been tracked since 2004. http://www.politifact.com/truth-o-meter/statements/2011/jul/08/john-cornyn/john-cornyn-says-51-percent-american-households-pa/ "Estimates by the Urban-Brookings Tax Policy Center project that for tax year 2011, 46.4 percent of households won’t have any income tax liability. However, of this number, 28.3 percent will pay payroll taxes, the center projects. Of the remaining 18.1 percent with neither income nor payroll tax liability, 10.3 percent are elderly and 6.9 percent are not elderly but have incomes lower than $20,000. In other words, all but a tiny sliver of Americans without either income tax or payroll tax liability are either elderly or poor." Interestingly enough, though, from the same webpage... in 2007, the richest 20 percent paid 68.9 percent of federal taxes although they earned only an estimated 62% of the income, and the top 1 percent paid 28.1 percent of federal taxes and earned 21 percent of income. This does support the notion that the rich are already paying more than their fair share.[/quote]
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