Keith, do you wear your blinders to bed too?
________________________________ From: Keith In Tampa <[email protected]> To: [email protected] Sent: Mon, May 17, 2010 5:50:01 PM Subject: Re: Teabagger Alert!!! 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 >>>>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 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 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 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/ >>>>* 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. >>-- >>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. >-- >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. -- 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. -- 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.
