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Sunday, December 27 2009 |
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- In 2009, roughly 47% of households (71M) will not owe any federal income tax - up from an earlier estimate of 38%.
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This news story has 12 comments:
Wait until unemployment surges past 10%.
I wonder, was that earlier estimate made back when we were all supposed to be worried about unemployment hitting 8%?
No sense getting taxed to death on purpose, if that is inevitable, and it is.
Of course that does not include all the taxes that are taken from Americans every week to fund the other ponzi schemes called Medicare and Social Security.
Hey but don't worry. People will be getting taxed in many other ways to make up the difference. Here in NY, self employed people now have to pay the new MTA tax. You know for all the high school educated toll collectors earning $70K per year, w/ full benefits and guaranteed pensions. (Don't think for one minute smart people are fooled into believing that this money is going for more useful things like infrastructure and capital improvements)
Or my other favorite one: The Department of Environmental Conservation now has imposed a $10 / year fee per person to saltwater fish. Yep, taking you son for a day of fishing to support some more welfare/entitlement job person. I love it.
Every single fee and every new tax that the states and local municipalities can think of will more than make up for the lack of FED taxes that are going to be collected. Anything related to cell phone use have been doing it for years, and now state/local governments are realizing they too can impose fees and taxes on just about anything.
Just one more step to either this country going down the tubes OR the great people of our nation finally waking up and realizing they need to take back this country and flush out the poison that exists on every level of government.
In fact, 1% of the U.S. population holds over 33% of all wealth, while the top-20% hold 85% of all wealth.
It is the 80% of the U.S. population (who hold only 15% of the wealth) who have literally been squeezed dry, while the fat-cats have TRILLIONS in totally idle capital - which is NEVER touched by the current tax structure.
The only POSSIBLE way for the U.S. to ever achieve a balanced-budget (EVER again) is to begin to tax away these vast pools of ill-gotten gains.
On Oct 04 02:08 PM Poor Texan wrote:
> Increasing taxes on the wealthy doesn't produce much additional revenue
> because you are looking at an increasingly smaller base and the truly
> wealthy (Gates, Soros, Buffett and many corporate executives) use
> tax shelters to keep their TAXABLE income at the level they want
> it. And if you don't contribute to your country, do you really care
> about it. If something like citizenship is free, some will feel that's
> all it's worth. Our whole tax system is counterproductive to the
> extent that it looks at income and not net worth.
So true Bearfund, so true.
See what the average, American Idol, Dancing with the Stars watching, I-phone, Facebook loving person doesn't understand is one of my favorite phrases:
Things take time to occur.
Because our country has been so dumbed down, and its citizens clearly plugged into the Matrix, they are unable to see the serious rot and decay at every level of our society and government. Because this endgame is being manipulated so slowly by the powers that be, the average American will not know it is over until it is much to late.
It should come as no surprise that, when it does come, those in power who have secretly built up fortunes off of taxpayers over the years, will be the first to flee, as American citizens look on in awe wondering how it came to this.
As I said: Things take time to occur. The naysayers, because they simply cannot think or see more than one day in front of themselves will not understand this until the time is upon them.
I still believe Americans deep down are not foolish or unintelligent. We simply let our values of quality VS quantity, in every aspect of our lives, be manipulated and brainwashed by the select few who are greedy and want it all. As much as I fear for my life, my wife and children's, we are now, I believe, less than 4 years away from a major upheaval in this country where the majority will finally decide enough is enough. No more lawlessness. No more corruption in government, and more accountability.
On Oct 04 07:31 PM jpiretti wrote:
> Jeff Nielson makes an excellent point. Bloomberg reported that the
> 400 wealthiest Americans saw there income double in the last 8 years
> while the real median family income fell by about 6k/year. The majority
> (63%) of the increase came from capital gains distribution. That
> put the average tax rate for this class at 17.2%. This puts that
> rate below the median family income rate and promotes distribution,
> not investment. I think it is fair to suggest that the conservative
> approach of putting big corporations and the very wealthy ahead of
> the middle class has failed to create prosperity that can be shared
> by all Americans.