Reply to Let Lower Income "Pay Their Fair Share"!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OK first of all, much of the reason for poor people not paying income tax is that republicans under Reagan popularized the Earned Income Tax Credit as the Republican answer to poverty.

Second, your anecdote about two people you know who do not want to fill out forms does not nullify the behavior of millions who do.  And obviously you know this because if no one ever bothered to fill out forms, we would be budgeting zero dollars for these benefit programs.[/quote]
My point is that if I know two, there are also MILLIONS others who also don't feel they need to do anything to get what they are "entitled" to. It's the demanding attitude that everything be provided without any expectations of them that I am pointing out.

[/quote]

Oh yeah. Like, I know this one guy who claimed a $900 million loss so he didn't have to pay taxes for 20 years!

And if I know one, I'm sure there are MILLIONS of others. We need to start letting those people know they aren't "entitled" to pay zero in taxes![/quote]

Yes! There must be MILLIONS of billionaires doing this shit.[/quote]

Is this a joke? We don't have MILLIONS of billionaires in this country. You're either ignorant or being sarcastic.[/quote]
There are about 500. If liberals really think there are millions of billionaires, no wonder they think taxing the rich will raise enough money to expand entitlement programs. [/quote]
There are about 10 million millionaires in the US, if you strictly look at assets.

If you only look at *adjusted* gross income, then the figure goes down to about 500,000.  Remember,  adjusted means after all the tax deductions that only the wealthy get to enjoy.  Haven't found any data of non adjusted gross income.  But, if you took away that NOL deduction and others like it, I'm guessing that number of million dollar income earners would go up by a lot.

"By 2013 (the latest data available) it looks like the number rebounded a bit to 534,000 according to the IRS. (SOI Tax Stats - Individual Statistical Tables by Size of Adjusted Gross Income)"

https://www.quora.com/How-many-people-make-more-than-a-million-dollars-per-year[/quote]

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