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Thread: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

  1. #11
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    well - remove the loopholes that are in place for people to reduce their tax liability.

    That should be really simple - they audit people left and right, they should be able to find them easily.
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Aunt Spiker View Post
    well - remove the loopholes that are in place for people to reduce their tax liability.

    That should be really simple - they audit people left and right, they should be able to find them easily.
    I agree with removing loop holes however that's taking power away from Congress. Congress uses the tax code like a check book. The more loopholes they put in the tax code the more they can curry favor with voters. Removing loopholes would then hamstring some of them. It's the same reason why a flat tax is always talked about but never seriously taken up. It would wipe out politicians ability and power base. They'd then have to function within the means of revenue's coming in OR borrow a LOT more money for pet projects within their districts.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  3. #13
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Ockham View Post
    I agree with removing loop holes however that's taking power away from Congress. Congress uses the tax code like a check book. The more loopholes they put in the tax code the more they can curry favor with voters. Removing loopholes would then hamstring some of them. It's the same reason why a flat tax is always talked about but never seriously taken up. It would wipe out politicians ability and power base. They'd then have to function within the means of revenue's coming in OR borrow a LOT more money for pet projects within their districts.
    Right - I'm so totally swanked to vote for someone because of my tax-return.
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Mach View Post
    What a joke, the huffington post.

    Nearly half of US households escape fed income tax - Yahoo! Finance

    47% of all tax filers paid no federal income tax. This is up 10% from the prior year (!)
    Yes and why exactly is that.... because they are not earning enough to be able to pay freaking income tax. Seriously this discussion.. or debate from the US right always forgets to mention WHY there are so many that dont pay taxes.

    Looking at the income distribution... 70+% of Americans earn LESS than the median income... and if we use the OECD standard for poverty (60% of the median income of a country) then a whopping 55% of American's live in or are close to poverty. (Note by population I mean between 15 and 65 years of age).

    So there is a reason so many American's dont pay taxes.. because their income is below the many deductibles there are out there........

    so let me ask you this... is 30 k a year middle class?
    Last edited by PeteEU; 08-05-11 at 02:38 PM.
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Aunt Spiker View Post
    well - remove the loopholes that are in place for people to reduce their tax liability.
    Do you have anything to show that these are because of "loopholes"?

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by 1Perry View Post
    Do you have anything to show that these are because of "loopholes"?
    Do you have anything ot show it's not?
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Ockham View Post
    I agree with removing loop holes however that's taking power away from Congress. Congress uses the tax code like a check book. The more loopholes they put in the tax code the more they can curry favor with voters. Removing loopholes would then hamstring some of them. It's the same reason why a flat tax is always talked about but never seriously taken up. It would wipe out politicians ability and power base. They'd then have to function within the means of revenue's coming in OR borrow a LOT more money for pet projects within their districts.
    Saying that "we are going to give these people a tax break here" isn't a loophole. It's tax policy.

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by Aunt Spiker View Post
    Do you have anything ot show it's not?
    No, that is why I asked in my very first post. I'm not the one making accusations.

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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by 1Perry View Post
    No, that is why I asked in my very first post. I'm not the one making accusations.
    If it's not a loophole - and instead a provided for tax-break. Then those should be taken away. RE the government: rich people need to pay more - they enver pay enough. Well, then the government's the one responsible for that, aren't they?

    But I prefer we don't pay income tax at all.
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    Re: American Millionaires: 1,400 Paid No U.S. Income Taxes In 2009

    Quote Originally Posted by 1Perry View Post
    Saying that "we are going to give these people a tax break here" isn't a loophole. It's tax policy.
    Depends on how you look at it and what type of tax break we're talking about.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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