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Neither of those two reasons make sense given that first paragraph.ritz627 wrote:Stop complaining about taxes.
http://www.usatoday.com/money/perfi/tax ... axes_N.htm
"Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010."
The reasons?
• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes."
That's a great point. As it so happens the reasons do make sense. Progressive tax rates, in the most simple of explanations, means that the poorer you are the less percentage of income you have to pay towards taxes. Per capita income taxes lower because there are many more poor and middle class people than rich people. The second bullet point is just because we are in a recession and people are spending less, so therefore less taxes are being drawn from the sale of goods within the country. Read the article if your looking for an in depth explanation b/c the bullet points come straight from it.rockfist wrote:Neither of those two reasons make sense given that first paragraph.ritz627 wrote:Stop complaining about taxes.
http://www.usatoday.com/money/perfi/tax ... axes_N.htm
"Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010."
The reasons?
• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes."
50%...wow thats quite the exaggeration. Again, this number includes sales tax, which we all pay when we buy goods.Night Strike wrote:When 50% of Americans do not pay any taxes, it's not surprising that those numbers are so low.
i think its 47%. LIAR! LIAR!!!ritz627 wrote:50%...wow thats quite the exaggeration. Again, this number includes sales tax, which we all pay when we buy goods.Night Strike wrote:When 50% of Americans do not pay any taxes, it's not surprising that those numbers are so low.
Paying less sales taxes will not impact the percentage of income taxes you are paying.ritz627 wrote:rockfist wrote:ritz627 wrote:Stop complaining about taxes.
http://www.usatoday.com/money/perfi/tax ... axes_N.htm
"Federal, state and local income taxes consumed 9.2% of all personal income in 2009,
The reasons?
• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes."
Yeah. Most "libertarians" in the US are actually anarchists in disguise.Johnny Rockets wrote:The situation being what it is, how is the U.S. going to address it's debt without raising taxes?
Surely economic critical mass is approaching in the next decade......and even doubling your current individual tax load won't pay the vig on that 13 trillion monster.
Are there any other ideas tabled that don't include raising taxes?
Johnny R
ritz627 wrote:Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
PLAYER57832 wrote:I hope we all become liberal drones.
But the economy turned out so well!DangerBoy wrote:ritz627 wrote:Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
Wait, I thought George W. Bush hated the poor.
Dear Liberals, please stop complaining about George W. Bush and tax cuts!
Yes, it did. 52 straight weeks of job growth and steady expansion from 2003 - 2007. But let's assume you're right. Then maybe we should have raised taxes on the poor and we wouldn't be in this mess.Iliad wrote:But the economy turned out so well!DangerBoy wrote:ritz627 wrote:Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
Wait, I thought George W. Bush hated the poor.
Dear Liberals, please stop complaining about George W. Bush and tax cuts!
PLAYER57832 wrote:I hope we all become liberal drones.
It's still legal to cut government programs.Johnny Rockets wrote:The situation being what it is, how is the U.S. going to address it's debt without raising taxes?
Surely economic critical mass is approaching in the next decade......and even doubling your current individual tax load won't pay the vig on that 13 trillion monster.
Are there any other ideas tabled that don't include raising taxes?
Johnny R
No that's black people.DangerBoy wrote:ritz627 wrote:Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
Wait, I thought George W. Bush hated the poor.
rockfist wrote:Paying less sales taxes will not impact the percentage of income taxes you are paying.ritz627 wrote:rockfist wrote:ritz627 wrote:Stop complaining about taxes.
http://www.usatoday.com/money/perfi/tax ... axes_N.htm
"Federal, state and local income taxes consumed 9.2% of all personal income in 2009,
The reasons?
• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes."
All personal income, that basically means we add up each and every citizens' personal income, call that X. Then add up the taxes paid by each person, call that Y. Divide Y by X and we have 9.2%. In a nation with a large standard deviation in income levels progressive tax rates actually raise the percentage not lower it.
Its a poorly worded article. And, regardless of what level Americans taxes are set at, we have the right to complain and vote against tax increases since its our money.
Well, i guess if i had to put it simply...the many tea party members are not politically educated, and are just pissed off because the economy isn't doing well and they need something to yell about. They don't know what they are talking about, and get their information from the likes of Rush Limbaugh, Glenn Beck, and their almighty leader Sarah Palin. Sarah Palin is f***ing retarded and everyone knows it. It's embarrassing. They are far, far to the right, and I am far to the left.Phatscotty wrote:Ritz. what is your problem with the Tea Party?
I completely disagree with almost all of that. Where did you get that information?ritz627 wrote:Well, i guess if i had to put it simply...the many tea party members are not politically educated, and are just pissed off because the economy isn't doing well and they need something to yell about. They don't know what they are talking about, and get their information from the likes of Rush Limbaugh, Glenn Beck, and their almighty leader Sarah Palin. Sarah Palin is f***ing retarded and everyone knows it. It's embarrassing. They are far, far to the right, and I am far to the left.Phatscotty wrote:Ritz. what is your problem with the Tea Party?
You're far out there, that's for sureritz627 wrote:I am far to the left.
Lootifer wrote:I earn well above average income for my area, i'm educated and I support left wing politics.
jbrettlip wrote:You live in New Zealand. We will call you when we need to make another Hobbit movie.
really.....hmmmmritz627 wrote:rockfist wrote:Paying less sales taxes will not impact the percentage of income taxes you are paying.ritz627 wrote:rockfist wrote:ritz627 wrote:Stop complaining about taxes.
http://www.usatoday.com/money/perfi/tax ... axes_N.htm
"Federal, state and local income taxes consumed 9.2% of all personal income in 2009,
The reasons?
• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes."
All personal income, that basically means we add up each and every citizens' personal income, call that X. Then add up the taxes paid by each person, call that Y. Divide Y by X and we have 9.2%. In a nation with a large standard deviation in income levels progressive tax rates actually raise the percentage not lower it.
Its a poorly worded article. And, regardless of what level Americans taxes are set at, we have the right to complain and vote against tax increases since its our money.
Ah good call, I didnt see that. I guess the sales tax thing kinda doesn't make sense with regard to that particular sentence, haha. Overall tough, the article discusses "total taxes as a percentage of personal income," which the reasons do pertain to.