GoFuckYourself.com - Adult Webmaster Forum - View Single Post - For those who think poor people don't pay their share in taxes, you are severely misinformed.

nation-x · 10-27-2011, 07:43 AM

Quote:

Originally Posted by 12clicks

its amazing what passes for truth amongst the uninformed.
from the liberal rag "the washington post"

http://www.washingtonpost.com/blogs/...d0iK_blog.html

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO:
Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
Highest quintile (23.6 million), above $71,200: 25.8 percent
Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent

Top 1% pay 38.02% of the tax burden
Top 5% pay 58.72% of the tax burden
Top 10% pay 69.94% of the tax burden
Top 25% pay 86.34% of the tax burden
Top 50% pay 97.30% of the tax burden
Bottom 50% pay 2.7% of the tax burden

This is a perfect example of how "conservatives" love to use fuzzy math to back up their false claims. You keep quoting that article... but that article doesn't take a number of things into account. First of all, the top 1% earn 20% of the nations income and the top 50% earn 84% of the nations income. The top 10% own more than 60% of the nations assets. Herein lies the logical fallacy that the wealthy pay more in taxes vs. the poor. The AMOUNT is certainly more... the taxes paid as a percentage of income isn't even close... especially when you start counting state and local taxes.

The wealthy earn a much greater share of the income and own a much greater share of the assets... OF COURSE they pay a lot in taxes. However, the narrative from the right wing says that the bottom 47% don't pay ANY taxes... and that is false. They pay a much higher share of taxes as a percentage of their income than any wealthy person does and that is just pure FACT.

I just moved the South Carolina (Rock Hill). South Carolina is arguably one of the most conservative states in the union, right?

The first thing that occurred when I moved here is that my car insurance increased 180% because of the fees charges to insurance companies by the state (as explained by my insurance agent). Secondly, before I could license my cars, I had to pay property tax on them - $750 - 6% of the value they place on the cars. For example, they valued my 2010 Dodge Charger SXT with 11,500 miles on it at $25,651. They don't sell for that new. The Blue Book value is $16,725.

Then I had to pay another $125 to get an SC drivers license for my wife and I plus the car registration....

Btw... did I mention that the property tax on cars is due annually just like home property tax? I never had to pay anything like that in Michigan. I call bullshit that conservatives represent less government and less taxes.