While 57% pay no federal income taxes, they do pay payroll taxes which fund about 40% of the federal budget . What is really unfair are the extremely wealthy folks who pay federal income taxes at an effective tax rate below that of the average citizen who pays federal income taxes!
5.8 trillion dollar budget proposal, 1.1 trillion dollar addition to the national debt, the US dollar debasement continues unabated and there is no challenge. Who will be brave enough to tell the truth?
US President Lincoln: “I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. When Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”
—U.S. President Abraham Lincoln, Nov. 21, 1864 (letter to Col. William F. Elkins)
Ref: The Lincoln Encyclopedia: The Spoken and Written Words of A. Lincoln
Clearly, the misinformation on who pays no taxes reminds me of the welfare queens in the 2000 Presidential election. If you take information out of context, the results can easily be skewed to whatever you want. 57% of non payers of Fed taxes include millions of people whose only source of income is Social Security. Additionally, it includes millions who earn less than $ 30k a year. These people who are "untaxed" pay for government mandates through sales taxes, real estate taxes and payroll taxes. We cannot move ahead as a society unless everyone moves ahead. The immense income inequality destabilizes the nation. In our own self interest, if we do not take care of the people below us, they will take care of us.
I am a little perplexed; we have German type inflation, printing presses running wild into the stratosphere and we should “pack boxes” because real property is going to fall in the cellar.
yes 40 year cycles just lie Strauss & Howe forecast .. keep reading the "Fourth Turning" and join the dots .. what fun to see that we can recognise the future from previous stupidities !!!
While 57% pay no federal income taxes, they do pay payroll taxes which fund about 40% of the federal budget . What is really unfair are the extremely wealthy folks who pay federal income taxes at an effective tax rate below that of the average citizen who pays federal income taxes!
5.8 trillion dollar budget proposal, 1.1 trillion dollar addition to the national debt, the US dollar debasement continues unabated and there is no challenge. Who will be brave enough to tell the truth?
Tidal Forces? Sounds like a tsunami - time to head for higher ground! Thanks for being there for us, just now, guys!
US President Lincoln: “I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. When Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”
—U.S. President Abraham Lincoln, Nov. 21, 1864 (letter to Col. William F. Elkins)
Ref: The Lincoln Encyclopedia: The Spoken and Written Words of A. Lincoln
Clearly, the misinformation on who pays no taxes reminds me of the welfare queens in the 2000 Presidential election. If you take information out of context, the results can easily be skewed to whatever you want. 57% of non payers of Fed taxes include millions of people whose only source of income is Social Security. Additionally, it includes millions who earn less than $ 30k a year. These people who are "untaxed" pay for government mandates through sales taxes, real estate taxes and payroll taxes. We cannot move ahead as a society unless everyone moves ahead. The immense income inequality destabilizes the nation. In our own self interest, if we do not take care of the people below us, they will take care of us.
I am a little perplexed; we have German type inflation, printing presses running wild into the stratosphere and we should “pack boxes” because real property is going to fall in the cellar.
yes 40 year cycles just lie Strauss & Howe forecast .. keep reading the "Fourth Turning" and join the dots .. what fun to see that we can recognise the future from previous stupidities !!!