Taxpayer money pissed away













And yet the Judeo repubs focus on banning abortion, gay marriage and not raising taxes on the rich. Another republican failure.


FYI, the rich pay the bulk of the taxes in this country.

We should focus on the 40% of Americans who don't pay taxes. Do you think they are unpatriotic? You claime the rich are unpatriotic, but are the 40% who pay ZERO in income taxes and even get "income tax credits which equals welfare" are unpatriotic?

Please expound. Or you can just run off. Your choice :D
 






FYI, the rich pay the bulk of the taxes in this country.

We should focus on the 40% of Americans who don't pay taxes. Do you think they are unpatriotic? You claime the rich are unpatriotic, but are the 40% who pay ZERO in income taxes and even get "income tax credits which equals welfare" are unpatriotic?

Please expound. Or you can just run off. Your choice :D

Yes I see what you mean.
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html
 







http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_weVSOX_Ito&refer=home

Funny your boy Buffett opposed this tax increase that would effect him.it is amazing how Buffett has you fooled.

Tell ya what. Explain why Buffett moved his wealth to a charitable foundation exempt from taxes and how that is consistent with his op ed and I will never insult Odummy again.

Ready go!
 






http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_weVSOX_Ito&refer=home

Funny your boy Buffett opposed this tax increase that would effect him.it is amazing how Buffett has you fooled.

Tell ya what. Explain why Buffett moved his wealth to a charitable foundation exempt from taxes and how that is consistent with his op ed and I will never insult Odummy again.

Ready go!

Buffett, 76, didn't respond to a request for comment made through an assistant at his headquarters in Omaha, Nebraska. That us some opposition
 
























FYI, the rich pay the bulk of the taxes in this country.

We should focus on the 40% of Americans who don't pay taxes. Do you think they are unpatriotic? You claime the rich are unpatriotic, but are the 40% who pay ZERO in income taxes and even get "income tax credits which equals welfare" are unpatriotic?

Please expound. Or you can just run off. Your choice :D

This really sums up the problem. All of the entitlement crowd who doesn't pay in as much as they will want to collect from social security and who pay no taxes scream the loudest. I was appalled doing one of my college kids taxes and between make work pay, tuition credits, and some other goofy credits, he only had $200 withheld but somehow gets over $1000 back. It's small change but core to the argument that no one whould be asked to pay more when the tax system has become another welfare program. No way someone should get more in than was deducted from their check.

Simplify the tax code and remove most deductions. Keep one for buying a first home up to the average home cost in the US, and for charitable donations, and for medical expenses above a percentage of income. Nothing else is needed. Lose the AMT, tax gains as normal income, and only tax inheritances that were not previously taxed. Remove any remaining shelters, gifts, and other ways to avoid taxes on income. Hell, tax me on today's income for what is in my 401K and then don't tax it again when I use it. Don't tax social security income up to the amount paid in by the individual. When the system is so complex that the feds don't even mail out the massive book for filing instructions, something is very wrong.
 






This really sums up the problem. All of the entitlement crowd who doesn't pay in as much as they will want to collect from social security and who pay no taxes scream the loudest. I was appalled doing one of my college kids taxes and between make work pay, tuition credits, and some other goofy credits, he only had $200 withheld but somehow gets over $1000 back. It's small change but core to the argument that no one whould be asked to pay more when the tax system has become another welfare program. No way someone should get more in than was deducted from their check.

Simplify the tax code and remove most deductions. Keep one for buying a first home up to the average home cost in the US, and for charitable donations, and for medical expenses above a percentage of income. Nothing else is needed. Lose the AMT, tax gains as normal income, and only tax inheritances that were not previously taxed. Remove any remaining shelters, gifts, and other ways to avoid taxes on income. Hell, tax me on today's income for what is in my 401K and then don't tax it again when I use it. Don't tax social security income up to the amount paid in by the individual. When the system is so complex that the feds don't even mail out the massive book for filing instructions, something is very wrong.

U make some good points. These Co. did not pay any tax in 2010. DuPont, G.E. Verizon. I wonder how many company's accountants strategies allow co. to avoid federal income taxes.
"Simplify the tax code and remove most deductions" I'm for that. This explains ILA's 40% do not pay taxes in America.
 
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U make some good points. These Co. did not pay any tax in 2010. DuPont, G.E. Verizon. I wonder how many company's accountants strategies allow co. to avoid federal income taxes.
"Simplify the tax code and remove most deductions" I'm for that. This explains ILA's 40% do not pay taxes in America.

No, it is 46-47% of households that pay no tax. The cause is stimulus programs signed by Bush and Obama that eliminate tax obligations for many. Those against having everyone pay income taxes claim this group pays 'other' taxes - well so does everyone else. The top 50% of income earners pay about 94% of all income taxes collected. There are income limits on most deductions many take for granted including child credits and anything on schedule A (although for 2010 only, there were no income limitations on schedule A deductions - a nice, barely mentioned surprise). This 46% figure doesn't even touch on corporations paying no taxes. I agree - companies need to pay as well. Anyone with net positive revenues not 100% reinvested in the US should be paying taxes. Every individual working and getting any benefit from federal programs should be paying in a percentage. Even if low income earners were limited to a couple percent, at least they would have some skin in the game.
 






No, it is 46-47% of households that pay no tax. The cause is stimulus programs signed by Bush and Obama that eliminate tax obligations for many. Those against having everyone pay income taxes claim this group pays 'other' taxes - well so does everyone else. The top 50% of income earners pay about 94% of all income taxes collected. There are income limits on most deductions many take for granted including child credits and anything on schedule A (although for 2010 only, there were no income limitations on schedule A deductions - a nice, barely mentioned surprise). This 46% figure doesn't even touch on corporations paying no taxes. I agree - companies need to pay as well. Anyone with net positive revenues not 100% reinvested in the US should be paying taxes. Every individual working and getting any benefit from federal programs should be paying in a percentage. Even if low income earners were limited to a couple percent, at least they would have some skin in the game.

Good to read that. I too would like all churches to pay their fair share..
 






Good to read that. I too would like all churches to pay their fair share..

I would not have agreed with this 10 or more years ago, when churches were usually a real charitable cause for communities. But so many now focus more on building funds instead of community needs, and so yeah, they should be taxed - but I would allow them a more liberal write off for true charitable spending.