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The vast majority of people who escape federal income taxes still pay other taxes, including federal payroll taxes that fund Social Security and Medicare, and excise taxes on gasoline, aviation, alcohol and cigarettes. Many also pay state or local taxes on sales, income and property.
So do the rich who pay their federal taxes. So they pay more. It's a myth that the rich don't pay their fair share (generally speaking)
Where there are loopholes, that's on the government. Close em up. Don't blame people with money for the incompetence of government. The tax laws were designed by lawmakers, not CEOs.
> The tax laws were designed by lawmakers, not CEOs.
Really? And I wonder who is giving the biggest campaign donations to law makers? And who can pay the most to lobbyist so that they can influence law makers into passing tax breaks?
Your idea that the top 10% pay 70% of the taxes is quoted over and over. What is not quoted is how income has increased for the top 10% of the population in the last 40 years, while the poor have had their income effectively eroded. It might seem tah the rich pay more in taxes. They also have made the most money, and at the expense of the poor. But then, right wingers think it is OK to use the poor to get rich.
Sujet: Re: Where there are loopholes, that's on the government. Close em up. Don't blame people with money for the incompetence of government. The tax laws were designed by lawmakers, not CEOs.
Artful Dodger: If the CEO's and people with money were honest they wouldn't abuse the tax system would they. Our countries wouldn't have to spend millions chasing after billions in lost taxes.
Btw.. it's a fact that over the same period the income of the rich has risen by 100% and of the poor by less then 10%. Yet (another fact) ... the level of taxation on the rich has dropped by 35% since 1980 (the trickle down lie)
Plus in the current "The rich pay half"... deductions?