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Yes, low and middle income taxpayers are not paying their fair share whereas the wealthy are paying the most since 1979. Unfortunately politicians have pandered to low and middle income voters telling them they can have limitless social programs as long as the rich pay more. The numbers don't add up however and when the government finishes fleecing the rich they will take aim at the middle and low income class (As recently recommended by Howard Dean). Of course the Strib will support additional taxing of the low and middle income class as soon as they receive their instructions from the Democrats.
@r1100rs12 You say that middle and lower income people are not paying their "fair share" of taxes even though it is the wealthy whose incomes have increased the most while everyone else's incomes have become stagnant and have not kept up with the rising cost of living. The tax-cuts that the middle and lower income people have received don't even make up for the lack of wage increases the last 10 years. The wealthy have had an easy ride through two wars (10 years of war) and it has been paid for by the middle and lower income people of America while corporations have prospered immensely while not paying their "fair share" of taxes.
The title of this article should be......."Due to 30 Year Record Net Income, Federal tax bills for rich near 30-year high while everyone else pays historically low rates"
boozles, those two wars have been paid for with treasury bonds. In other words, they have not been paid for.
So the secret to having more tax revenue is to have more rich people. That means there is less for the lower class. Works for me.
Every once in a while the truth even comes out in this paper. Yes the rich pay most of the taxes. It is NOT true that the rich do not pay their "fair share". that mythical number that cannot be defined but is always claimed. The in-informed still believe the administrations claim that Repubs only want tax cuts fo the rich and they middle class (and lower) should pay more.
@boozles. Low and middle income have not keep up educationally and therefore their wages have not progressed as much as higher incomes. However, the fact remains that low and middle incomes are paying very little historically in federal income tax as the article says. Your comments illustrate how the masses have bought into the woe is me mentality popular with the Democrats. Instead of getting the skills to make a higher income, they are happy with income redistribution by the tax code instead.
I want a 13% tax rate too...like that mega rich guy who lost the last presidential election...what's his name?
Mar. 3, 1311:31 AM
I want a 13% tax rate too. If you have dividend income that's all you pay.
----Mar. 3, 1311:31 AM I want a 13% tax rate too. If you have dividend income that's all you pay.--- Not true, in 2013 Capital gains and dividend tax rates also will increase to 20% for US taxpayers earning more than $400,000 ($450,000 for married persons filing jointly) per year. In addition there is a 3.8 percent tax for obamacare for a total tax on dividends and Cap gains for the wealthy of 23.8 percent.
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