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udtiger
LSU Fan
Louisiana
Member since Nov 2006
45888 posts
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In 2015, top 20% of income earners paid 83.9% of all federal income taxes
While constituting only 51.3% of income

The remaining 80% (with 48.7% of income), paid only 16.1% of income taxes, with 13.8% (bottom 40%) paying NOTHING and actually getting money back.

THIS is the reason why tax policy is so fricked up. when you have over 40% of all income "earners" actually taking out of the tax system (and, yes, blah, blah, blah...they pay payroll taxes) because, to quote a former President, they don't have "skin in the game." It's easy for them to not care, or even to want to "soak the rich" because it's not going to impact them in any way.

Apparently, Trump's plan will remove even more people from the tax rolls by the expansion of deductions and credits. This is a fundamentally bad idea.

As long as you are going to have an income tax, you need to have every income earner pay SOMETHING. Even if it is only $500.00. They have to have a stake in this.


Eli Goldfinger
Alabama Fan
Member since Sep 2016
3557 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
It's really stupid that people can get back more money than they pay in.


Bard
LA-Monroe Fan
BR
Member since Oct 2008
26026 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

It's really stupid that people can get back more money than they pay in.


Why do you hate the poor? Hitler hated the poor too... #LiterallyHitler
This post was edited on 9/28 at 8:46 am


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133
Y.A. Tittle
Winthrop Fan
Member since Sep 2003
63984 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
Upvote. This is the biggest issue currently.

As long as we have an income tax everyone making an income should be paying something.


Centinel
Alabama Fan
South Carolina
Member since Sep 2016
6230 posts
 Online 

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
Only in 'Murica can you not have a job and get paid to vote to increase how much you get paid.



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130
TheHarahanian
LSU Fan
Duh
Member since May 2017
647 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
You'll never see this on a mainstream newscast. Why do you think that is?


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11
tjv305
Florida Fan
Member since May 2015
2893 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
Everyone should have to pay some money in. I think tax credits for dependents is bull crap and should go away . EBT/welfare should be the same way , people shouldn't get more for having more kids . Our population is high enough. This would save the government a lot on taxes and it would keep people from having kids they can't afford.


Pinecone Repair
Alabama Fan
Burminham
Member since Nov 2013
5962 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

paying NOTHING and actually getting money back.


This is crazy and has got to stop.


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10
deltaland
Mississippi St. Fan
Member since Mar 2011
36518 posts
 Online 

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

top 20% of income earners paid 83.9% of all federal income taxes


Y'all are welcome


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10
Machine
New Orleans Pelicans Fan
Earth
Member since May 2011
4213 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

As long as you are going to have an income tax, you need to have every income earner pay SOMETHING. Even if it is only $500.00. They have to have a stake in this.
no they don't. that's something idiots say because they think everybody paying into a system that's rigged for the big guy makes it fair.


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Speedy G
Member since Aug 2013
1705 posts
 Online 

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
It is really just the top 5%, and primarily the top 1%, who pay a disproportionate share.

Regardless, pay higher wages and low income workers will earn enough to pay taxes.

This is a fundamental difference between right and left thinking on income tax policy.


Machine
New Orleans Pelicans Fan
Earth
Member since May 2011
4213 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
you people want to go back to the glory days. make america great again like we were back in the day...

when the richest tax bracket paid 90-something percent.

but not with those tax brackets!


Iosh
Houston Astros Fan
Bureau of Interstellar Immigration
Member since Dec 2012
17046 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

(and, yes, blah, blah, blah...they pay payroll taxes) because, to quote a former President, they don't have "skin in the game."
So you're just gonna blah blah blah something that undercuts your central premise


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12
Teddy Ruxpin
LSU Fan
Austin, TX
Member since Oct 2006
30008 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

Regardless, pay higher wages and low income workers will earn enough to pay taxes.




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Machine
New Orleans Pelicans Fan
Earth
Member since May 2011
4213 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

This is a fundamental difference between right and left thinking on income tax policy.

to me the biggest difference is what is truly fair.

everybody paying into the system

-or-

the people who thrive off the system paying into it while people living in poverty already scraping by as is not paying into it.

the argument is that this can make people lazy. my response, who cares? if they don't want to make money that's more capital for people in the game. and if you want to play the game this country makes possible, why shouldn't you foot a larger portion of the bill to make this country great?


skrayper
Alabama Fan
Member since Nov 2012
8976 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
"Why is the share of income taxes negative for 40% of Americans? In recent decades Congress has chosen to funnel important benefits for lower-income earners through the income tax rather than other channels. Some of these benefits, such as the Earned Income Tax Credit and the American Opportunity Credit for education, make cash payments to people who don't owe income tax.

People receiving such payments do pay other federal taxes, of course, such as those for Social Security and Medicare. If these taxes are included, the share of federal taxes paid by the lowest two quintiles turns positive.

The share of tax paid by the top 20% of Americans also changes when such social-insurance levies are included: It drops from more than 80% of income taxes to about 67% of all federal taxes."

From another article on the same data (over at Fox Business)


memphis tiger
LSU Fan
Memphis, TN
Member since Feb 2006
5855 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

As long as we have an income tax everyone making an income should be paying something.



I don't have a problem with people below a certain threshold not paying any income tax.

I do have a problem with those same people MAKING money from various tax credits and the like.


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
133675 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
The old 20/80 principle


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roadGator
Florida Fan
Member since Feb 2009
78683 posts
 Online 

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
You should rent an extra room to a poor person for free.


Machine
New Orleans Pelicans Fan
Earth
Member since May 2011
4213 posts

re: In 2015, top 20% of income earners paid 83.9% of all federal income taxes
quote:

I do have a problem with those same people MAKING money from various tax credits and the like.
agreed 100%

unless you consider public welfare programs "making money"


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