Originally Posted by Orangeoutsider
You forgot to write that those low-income earners who pay FICA et al, get it all back and more in tax credits for low income and childcare. Quit playing the class-envy card!!! 47% pay NO taxes!!!
Play the class-envy card? Watch Fox much?
THOSE low-income earners ... get it ALL back and MORE...
Got numbers to back that up? Across the entire range of low-to middle class workers? (And BTW, stop playing the class card. Those people...)
Hell, you probably got all of your taxes back too... in education, roads, infrastructure maintenance, et al [sic].
"47% pay NO taxes"
Income taxes, dolt. At least get your sound bit right. FICA et al are taxes too.
Tweaking the donkey's tail is so much fun, I hardly know where to begin. Child care tax credits? Ummm.. Doesn't everyone (low, middle, upper) get credit for those? Should we cut those for everyone? Oh, and just for the record, child care tax credits are used solely to reduce the amount of income tax owed. You don't get the money back.
Tax breaks on dependents? If you're low income, a higher proportion of your salary goes to housing, and deductions on mortgage interest also cut a significant amount off your tax bill. Should mortgage interest deductions go away for everyone?
I'm self employed and spent almost $4,000 last year on health insurance. An amount deducted from my taxes. Should health insurance and medical expense deductions be zapped too?
That way I don't "get it all back."
Hey! Here's a number for you. One year I made $80,000 in consulting income. However, I did some investments and had some depreciations and some R&D credits and purchased some equipment, and that year I paid ZERO in income tax. (I did pay about $6,000 in SE tax.)
I had a job. Made $80,000. But paid NO income tax. So add me to that 47% bracket. Am I a deadbeat?
Or did all of the aforementioned deductions add up to the point where I simply paid no taxes? Did I get it ALL back???
Quite spouting sound bites, and do a little bit of thinking for yourself for a change...