You are the one always accusing others of citing trite talking points. Now, sir, you are the guilty party. This 47% paying no income tax is a favorite of Hannity. Its an effective sound bite, but its so easy for someone with a little intelligence to peel back the veneer.
Lets start with the misstatement that 47% of
income earners pay no taxes. Its not income earners, but households. Income earners are a subset of households. Households include the unemployed, retired persons, the disabled and even entrepreneurs (those that are starting small businesses that have no income... of which, BTW, I am one)
Let's go to step two, which requires some understanding of income taxes, which unfortunately very few people understand (including most people currently in this debate). In the 30+ years that I have been somewhat knowledgeable about income taxation (since earning my CPA), income taxes have been focused on discretionary income, not wage income. This is why we have exemptions, standard deductions and credits... so that individuals and families have the income needed for their basic necessities exempt from taxation. The fact that 47% of households have no income liability means that 47% of American households have no discretionary income.
Sorry, but the lower income group has been disproportionately hit by this recession. You want them to pay more taxes, then fix the economy... not just the recession, but the economy that has increasingly favored the very wealthy over the working class in the distribution of the nation's wealth. This Mexicifaction of America trend, if not corrected, will lead to the collapse of our system.
I'm not certain of your point in all this. Do you think this group of people actually is actually stockpiling money? Do you think raising their taxes will move that money from their large bank accounts to fix our deficit issue? Have you ever tried raising a family on $50,000 per year (today's money)? Don't you realize they already pay a much, much higher percentage of their income in sales, payroll tax and use tax then those that have actually done well in this economy? Sorry, but your "let's get blood from a stone" rant is somewhere between ignorant to immoral.
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