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DesideriScuri -> RE: Romney.... product of welfare state (9/20/2012 12:56:36 PM)
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quote:
ORIGINAL: tazzygirl
quote:
I have said he was wrong, but not for his intent. His %-age is wrong. 47% don't pay Federal Income taxes (on net, tazzy), so they aren't contributing in that way (and I'm only talking about Federal Income taxes, tazzy).
But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too.
Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.
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The different kinds of federal taxes are really just accounting categories. At the end of the day, the government has to cover the cost of all its operations with revenue from all its taxes. We can’t wish our deficit away by saying that it’s mostly a Medicare and Social Security deficit.
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So why are those radio and television talk show hosts spending so much time arguing that today’s wealthy are unfairly burdened? Well, it’s hard not to notice that the talk show hosts themselves tend to be among the very wealthy.
No doubt, like the rest of us, they don’t particularly enjoy paying taxes. They are happy with the tax cuts they have received lately. They would prefer if other people had to pick up the bill for Medicare, Social Security and the military — people like, say, firefighters, preschool teachers, computer support specialists, farmers, members of the clergy, mail carriers, secretaries and truck drivers.
http://www.nytimes.com/2010/04/14/business/economy/14leonhardt.html
And thats why you, and the talking heads, want to stick strictly with federal income tax.
Yes, anyone who has read any of your rants on "Federal taxation" knows that income taxes are not the only taxes, and that is exactly why I, unless I fuck it up, include the modifiers, "Federal" and "Income."
So, your response to people having to pay taxes that they don't like (which seems to be everyone), is to increase the taxes on some, instead of lowering the taxes on all, and cutting spending? Interesting. No. No, it's not.
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I realize that it’s possible to argue that payroll taxes should be excluded from the discussion because they pay for benefits — Social Security and Medicare — that people receive on the back end. But that argument doesn’t seem very persuasive.
Why? People do not receive benefits equal to the payroll taxes they paid. Those who die at age 70 will receive much less in Social Security and Medicare than they paid in taxes. Those who die at 95 will probably get much more.
Oh, Boo, Fucking Hoo. What is your suggestion to fix this, tazzy? Are we going to cut everyone at 70? How, exactly, would you make it equal? And, what to do about those who die at age 64, before they can start collecting, but have paid in?
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