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Reply #54


Response to ChillZilla (Reply #46)

Fri Nov 9, 2012, 05:10 PM

54. oh, thank you so much for the Republican talking point.

First of all, it is Federal Income Taxes, not just taxes that the top 20% pay so much of.

In the second place, the bottom 50% still managed to pay $32.3 billion in Federal Income Taxes in 2007 (and that is AFTER the $14 billion in tax cuts). Since their/our total income was $1.08 trillion we also paid $82.6 billion in FICA taxes, and our employers paid another $82.6 billion in FICA taxes in our name.

There are tons of tax plans that would benefit the bottom 50% as much or more than the top 20%. What if the standard deduction was increased by $4,000? That would help taxpayers at the bottom and do very little for those at the top, because most of those people itemize their deductions.

Consider the making work pay credit, again described by Citizens for Tax Justice. http://www.ctj.org/pdf/taxcompromise2010.pdf
12.8% of that went to the bottom 20% and a mere 1.4% went to the top 5%.

So the statement that "the top 20% is going to get a larger percentage of any tax break by default" is a LIE promoted by a lot of super-rich people like Limbaugh and Hannity more than happy to rake in their lion's share at the expense of the rest of us.

As for my solution, actually we might perhaps be on the same side. Obama-types and many DUers think that the revenue shortfall can be closed by simply increasing taxes on people making more than $250,000 or even the top 1% or the top .1%. Whereas I think that the rich people making between $70,000 and $250,000 can pay a little bit extra in taxes even if that group does include a bunch of latte-sipping liberals who deny loudly how rich they are. And the sad truth is that many in that privileged group don't give any more of a crap about the bottom 50% than Boehner does, and they pretty much own the Democratic party.

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LineLineLineLineLineReply oh, thank you so much for the Republican talking point.
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