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[quote=Anonymous][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] Significant? So here's the scenario you describe: Person creates a company, employs a number of people, they create a good or a service, sell it to people who benefit from it, the company grows and then they sell it. They are taxed on the sale, and if they invest that money they are taxed on any gains they make yearly. So go back and think of all the taxes they paid, be it unemployment tax, or employer contributions to FICA, health care, retirement, and then the economic impact of hiring workers, or just general spending from the business etc. The overall stimulus to the economy is much much more than your janitor example you love to tout, or even a teacher or a nurse. That is just the facts. Vilifying someone who has done all of that as evil as our President seems to do daily is a clear disincentive for the next person to take this long path to reach that status. The sensible Economist which is a pretty left of center free market publication talks about this. On one hand the president talks about wanting American business to be strong and higher more workers then he calls the same people who will do so "fat cats" http://www.economist.com/node/21530100. The problem isn't Democrats in general, Bill Clinton never did this, its Obama and his staff and their view of the world. I've never heard a president sound so anti-business so anti-capitalism as from Obama. The issue of taxes is really just a small number it's the way he seems to just HATE anyone who owns a business. [/quote]
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