That's just a blatant lie, by our federal government. It would take me an hour and a five page e-mail, maybe someone else can show in fifty words or less, but my tax rate went up, and I make less than 250,000.00. All of those individuals who are S Corporations and make 250K, or less went up, as well as those who make more than 250k in their business. Period.
On Mon, May 17, 2010 at 8:38 PM, <[email protected]> wrote: > Yes, I still pay taxes on my retirement after paying taxes 21 years in > the job I retired from. My job offered an early retirement and since, > thanks to an inheritance from my late parents, I was able to buy my house > outright I took it at age 55. Unless you make over $250,000/year your taxes > were reduced. Period. > > In a message dated 5/17/2010 5:34:58 P.M. Pacific Daylight Time, > [email protected] writes: > > Do you pay taxes Proud Liberal Number 7??? > > By no means am I rich, but I am paying more in taxes now, and I have worked > for thirty-nine years, than I ever have before. > > > > > > > On Mon, May 17, 2010 at 8:27 PM, <[email protected]> wrote: > >> Yup, time for the rich's free ride to end and for them to pay their fair >> share of the freight. Bummer for them - I'm sure the millions they'll have >> left AFTER taxes will put them straight into the poorhouse. Oh, the agony! >> >> *Conservatives whine and Conservatives bitch* >> *"Our rich are too poor and our poor are too rich!"* >> >> In a message dated 5/17/2010 5:24:27 P.M. Pacific Daylight Time, >> [email protected] writes: >> >> The tax rate on who?? Despite the charges by liberals and >> socialists that the tax cuts favored the “rich,” these cuts actually reduced >> the tax burden of low- and middle-income taxpayers and shifted the tax >> burden onto wealthier taxpayers. >> >> >> Updated April 16, 2010 >> Guess Who Didn't Pay Taxes On Tax Day >> >> By Elizabeth Factor and & Mallory Factor >> >> - FOXNews.com >> >> >> http://www.foxnews.com/opinion/2010/04/16/elizabeth-factor-mallory-factor-federal-income-tax-tax-day-americans-democrats/ >> >> >> >> Progressive Democrats are using “tax reform” to create a group of >> Americans who pay no federal income tax at all. >> >> Did you file your federal income taxes >> <https://mail.google.com/mail/html/compose/static_files/blank_quirks.html#> >> >> on or before April 15? Almost 50% of American households won’t be paying >> any federal income tax this year, and the reasons why have profound >> implications for our democracy as well as our economy now. >> >> A series of tax reforms, generous exemptions and tax credits, including >> last year’s >> economic<https://mail.google.com/mail/html/compose/static_files/blank_quirks.html#>stimulus >> bill, have dropped millions of Americans from the federal tax >> rolls. Huge numbers of Americans are simply no longer affected by the >> federal income tax. The Tax Policy Center projects that 47 percent of all >> U.S. households will pay no federal income tax for 2009. And, the bottom 40 >> percent of income earners actually receive a *cash payment *from the >> government at tax time. This cash payment is styled as a “refund” but it is >> actually a net cash transfer from the government--not a refund of taxes >> actually withheld on income. And for many Americans, this cash transfer from >> Uncle Sam actually exceeds all federal, state and local taxes that they pay >> in any form during the year including >> sales<https://mail.google.com/mail/html/compose/static_files/blank_quirks.html#>taxes >> and social security taxes. >> >> Of course, we are accustomed to the idea that high income earners pay more >> in taxes both in absolute terms and as a percentage of their incomes. But >> taxing only the top half of a society is not normal progressive taxation. >> Instead, the recent changes to our tax system are an example of politicians >> using the tax code for their own political ends. In this case, the so-called >> progressive Democratic politicians are using “tax reform” to grow their >> political base by creating a group of Americans that pay no federal income >> tax. >> >> The people who don’t pay federal income taxes are, as the phrase goes, >> “rational economic actors” just as much as anyone. Like all people, >> non-taxpayers respond to economic incentives. Their demand for entitlements >> and government programs is naturally insatiable because they don’t care at >> all about the cost. Non-taxpayers don’t have any “skin in the game” and are >> completely indifferent to the government raising income taxes. So they will >> always support increasing government programs as a long as they get even a >> small benefit from them because it does not cost them a cent. It’s also >> perfectly rational for non-taxpayers to support politicians who favor more >> spending. Non-taxpayers get something for nothing, at least until the >> country becomes insolvent. >> >> The so-called progressive Democratic politicians are rational actors too. >> By taking more and more Americans off the federal tax rolls, they are >> creating a permanent base of supporters for themselves. These politicians >> may claim to support increased government spending because of their concern >> for the less-fortunate but--hey, it also happens to be in their own >> political self-interest. And these politicians will continue to spend on >> these programs until our nation goes bust because they want to keep their >> jobs and grow expensive programs for their political base. >> And what about the people paying all the federal taxes? Well, taxpayers >> respond to incentives too. When faced with increasing tax rates, taxpayers >> will reduce their income, which is why it is impossible to raise a lot of >> revenue by increasing taxes above a certain point. As taxes on income rise, >> taxpayers spend less time on work and more on leisure. They avoid sales of >> investments and assets which could trigger income until they can pair them >> with offsetting losses from other transactions. They spend billions of >> dollars on tax advice and structuring to reduce their tax burden, which >> makes economic sense for them but which is a waste of resources for our >> society. In the aggregate, a tax system that is hostile to investment and >> growth has a distortive effect which harms U.S. productivity and reduces the >> standard of living of our whole nation. >> >> Under the Obama administration, many Americans accustomed to paying their >> share of federal taxes are being taken off the tax rolls. Recent tax law >> changes mean that for the first time, in 2009, a >> family<https://mail.google.com/mail/html/compose/static_files/blank_quirks.html#>of >> four making $50,000 can pay no federal income tax at all. This family may >> not change its behavior and outlook immediately from its taxpaying days. But >> the family’s economic incentives are now to keep America taxing and >> spending. And a family at this income level has surely suffered in this >> recession, but should they really pay *no federal income tax *at all? >> >> Ronald Reagan once said that a taxpayer is “someone who works for the >> Federal government but doesn’t have to take the civil service examination.” >> Every American should have to work for the federal government at least a >> little bit. We need to move back to a broad-based tax system so that more >> Americans understand that there is no such thing as free money—government >> spending actually has a huge cost for our nation. >> >> The so-called "progressive" politicians have turned John Kennedy’s “Ask >> not what your country can do for you – ask what you can do for your country” >> on its head. And telling so many Americans that they don’t need to make >> sacrifices for our government, as we are now saying, is dangerous new >> territory for our nation and for the health of our democracy and economy. >> >> *Elizabeth Factor is an international tax lawyer and former investment >> banker.Mallory Factor is the co-chairman and co-founder of the Monday >> Meeting, an influential meeting of economic conservatives, journalists and >> corporate leaders in New York City. Mr. Factor is a well-known merchant >> banker and speaks and writes frequently on economic and fiscal topics for >> news stations, leading newspapers and other print and online publications. >> Mr. Factor writes frequently for the Fox Forum. Mr. Factor can be reached at >> [email protected].* >> >> >> >> -- >> Thanks for being part of "PoliticalForum" at Google Groups. >> For options & help see http://groups.google.com/group/PoliticalForum >> >> * Visit our other community at >> http://www.PoliticalForum.com/<http://www.politicalforum.com/> >> * It's active and moderated. Register and vote in our polls. >> * Read the latest breaking news, and more. >> >> -- >> Thanks for being part of "PoliticalForum" at Google Groups. >> For options & help see http://groups.google.com/group/PoliticalForum >> >> * Visit our other community at >> http://www.PoliticalForum.com/<http://www.politicalforum.com/> >> * It's active and moderated. Register and vote in our polls. >> * Read the latest breaking news, and more. >> > > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at > http://www.PoliticalForum.com/<http://www.politicalforum.com/> > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at > http://www.PoliticalForum.com/<http://www.politicalforum.com/> > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
