Take a look at the two charts above from The Heritage Foundation It's unsustainable. And now the left is screaming to spend the "War Savings" (money no longer being spent on Iraq) on more entitlement programs. How long before we get to the point that Greece is at? Probably decades but that just makes it worse. Kind of like Dagny Taggert hanging on and making that rail line work... it's just prolonging the suffering. We need drastic changes now.
8 comments:
You're graphics aren't showing up.
http://www.cbpp.org/cms/index.cfm?fa=view&id=3505
"Considering all taxes — federal, state, and local — the bottom 20 percent of households paid an average of just over 16 percent of their incomes in taxes (12.3 percent in state and local taxes plus 3.9 percent in federal taxes) in 2009. The next 20 percent paid about 21 percent of income in taxes, on average. [14]
In fact, when all taxes are considered, the share of taxes
that each fifth of households pays is similar to its share of the nation’s total income.
That's fine. Lets consider FEDERAL TAXES because we're talking about FEDERAL SPENDING.
You want to talk state taxes, property taxes, sales taxes, etc. That's fine with me too but that's not the discussion.
But if poor people are paying their fair share when ALL taxes are taken into account, then raising their federal taxes would result in their paying more than their share. Meanwhile your side is always trying to cut taxes for the upper class. Someone once said that conservatives believe that poor people have too much money and rich people don't have enough.
That someone was probably you.
Here's a few thoughts.
50% of the country is not poor.
50% of the country is not rich.
Yet the bottom 50% pay no federal taxes and the top 50% pay ALL federal taxes. Does that make sense to you?
It made sense to the Greeks until the money ran out.
So do we need to get to the point of riots in the streets before we make a change?
Here's another thought. Cut taxes for the "rich" and stop spending money!!! Do we really need all of these federal departments? Of course not. Do we need to spend so much on welfare? of course not. Do we need to spend so much on the military? of course not.
Washington spends money because it gets them votes. We should have a constitutional ammendment that says we can only spend X percent of GDP (lets say 15%-20%) per year. Then let the animals in congress fight it out where they're going to spend it and how they're going to get it. (taxes on the rich or poor or whatever) That would go a long way to solving this problem.
I'm poor and i pay federal income taxes so these people must be really poor, it seems to me. I still maintain that total tax liability needs to be taken into account. If I'm paying the same percentage of income in taxes, of whatever sort, then how is that possibly unfair, unless of course you think the rich should pay a higher percentage, which I do.
Gary you're changing the argument again.
You do NOT pay the same % of income taxes. If we were just talking income taxes then it would be even more lopsided % wise. Even the link you submitted doesn't say income taxes.(and i don't trust their #'s either)
Once again let me reiterate my point. The SPENDING is not sustainable. Washington spends too much of our money. It's really that simple.
I didn't say I pay the same % of income taxes, I said I pay the same percentage of total taxes, which is fair. Actually no it's not, the rich should pay a higher percentage. Everyone's in favor of cutting spending, until you get to the specifics.
Post a Comment