[mattduke]

It's a start, but the goal is 100% paying no income tax. I'm not sure by the way if this poll incorrectly considers government employees as "taxpayers".

http://finance.yahoo.com/news/Nearly-ha ... l?x=0&.v=1

[Ludi]

Some people feel this places an unfair burden on the rich.

[Loki]

Looks like 47% (or thereabouts) of megacorporations also pay no federal income tax. And a lot of those that do pay at a lower rate than your average middle classer.

[Tyler_JC]

It's not the unfair burden on the rich. It's the complete lack of burden on the non-payers.

They have no incentive to care about the size of government. Every expansion of government means more free benefits. Anyone who dares to bring them back into the taxpaying pool will be voted out of office.

Everyone should pay at least something into the Federal Treasury so they have a stake in how effectively their money is spent.

Maybe a flat 5% national sales tax would be appropriate (especially considering our massive deficits).

My concern is that the non-payers and close to non-payers will soon become an electoral majority. Politicians will pander to them by providing ever more "free" services while piling a dangerously high tax load on the employer/investor/entrepreneur/professional class. These people will see that the system is rigged and stop complying with the tax code. Then we become Greece.

[Tyler_JC]

$this->bbcode_second_pass_quote('Loki', 'L')ooks like 47% (or thereabouts) of megacorporations also pay no federal income tax. And a lot of those that do pay at a lower rate than your average middle classer.

[Ludi]

$this->bbcode_second_pass_quote('Tyler_JC', '
')Everyone should pay at least something into the Federal Treasury so they have a stake in how effectively their money is spent.

[Ludi]

$this->bbcode_second_pass_quote('Tyler_JC', '
')My concern is that the non-payers and close to non-payers will soon become an electoral majority. Politicians will pander to them by providing ever more "free" services .

[bshirt]

$this->bbcode_second_pass_quote('mattduke', 'I')t's a start, but the goal is 100% paying no income tax. I'm not sure by the way if this poll incorrectly considers government employees as "taxpayers".

http://finance.yahoo.com/news/Nearly-ha ... l?x=0&.v=1

[Plantagenet]

$this->bbcode_second_pass_quote('Tyler_JC', '
')

[Ludi]

$this->bbcode_second_pass_quote('Plantagenet', '
')Add the new personal and corporate taxes needed to fund Obamacare, and the already high US tax burden will going be even higher.

[SteinarN]

$this->bbcode_second_pass_quote('Tyler_JC', '
')


The US has some of the highest corporate tax rates in the world but corporate taxes as a share of GDP is one of the lowest. Clearly something isn't working.

We should abolish the corporate income tax and treat dividends like normal income. That way corporate cash can't escape into Cayman Island tax havens.

More importantly, we need to treat capital gains like normal income but with a deduction for the cost of inflation.

[Tyler_JC]

I'm not sure how Norway's figure was calculated. You'd have to ask the Wall Street Journal.

When I looked at the chart I just dismissed Norway as an outlier impacted by its massive national oil company.

[MarkJ]

$this->bbcode_second_pass_quote('', 'I')n recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

[Novus]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Plantagenet', '
')Add the new personal and corporate taxes needed to fund Obamacare, and the already high US tax burden will going be even higher.

[Ludi]

But we must protect the "investor class"!

[mattduke]

Taxes are my number one expense. They are the primary difficulty I have in providing for my family.

[Ludi]

$this->bbcode_second_pass_quote('mattduke', 'T')axes are my number one expense. They are the primary difficulty I have in providing for my family.

[Sixstrings]

$this->bbcode_second_pass_quote('Tyler_JC', 'I')t's not the unfair burden on the rich. It's the complete lack of burden on the non-payers.

They have no incentive to care about the size of government. Every expansion of government means more free benefits. Anyone who dares to bring them back into the taxpaying pool will be voted out of office.

[bshirt]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('mattduke', 'T')axes are my number one expense. They are the primary difficulty I have in providing for my family.

[Ludi]

$this->bbcode_second_pass_quote('Sixstrings', ' ') Your position is akin to feudal lords complaining about being overburdend compared to those rich, tax-cheating serfs.