Quote:
Originally Posted by 12clicks
The only reason the US has a deficit is because the bottom 46% pay no income tax.
If these leaches paid just $2k a year things would be vastly different.
Oh, and the idiots who think our problems lay with corporations appearently don't understand that every dime that leaves a corporation and goes into someone's pocket is taxed.
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I would disagree. Here is why. In 2009 the census showed that there were around 330 million Americans and that around 120 million of them were actually employed and earned money. 46% means around 55 million of them paid no takes. So if all of them paid $2K as you suggest it would put around 110 billion in the governments coffers. That is no small amount, but it only around .7% of the national debt. So that money would lower the deficit by not even 1%.
You could also argue that this would be 110 billion that would now be taken directly out of the coffers of the wealthy and the business owners. The reason is simple. If they had that money they would be spending it. Since they are going to be paying it in taxes that is $2K less that they will spend on clothes, certain foods (like going out to eat), entertainment or whatever. You could also argue that most of the people who lose that money would then file for food stamps or some other kind of aid to help make up for it. Of the 46% who pay no takes at least half of them make less than $25K per year. So this $2K is a significant amount of money to them. The government might get $2K out of the single working mom in extra taxes only to turn around and give her $3K per year in food stamps.
I'm not saying the answer it to tax the rich. The clear answer it to cut spending so that everyone across the board can enjoy lower more fair taxes, but just having the bottom 46% pay an extra $2K per year in taxes is going to do next to nothing to fix the system.