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People are generally clueless about taxes. When asked "What is the highest Federal tax rate?" They do not know. And when asked "What was the highest tas rate during the Carter administration?" They are amazed it was almost twice what it is today (70% in 1979). |
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Written By:
SShiell
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tas = tax
I hate Mondays. |
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Written By:
SShiell
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"Perfect election year political fodder, wouldn’t you say? The question is, will the GOP actually use it?"
Hopefully they’re just keeping the powder dry. With John Kerry McCain’s recent comments about what Government involvement in a Subprime solution and Carbon Cap-and-Trade schemes that might be a vain hope. |
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Written By:
CR
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Maybe we can tax spammers. QandO ought to generate a bunch of revenue on its own. :/ |
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Written By:
jpm100
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tas = tax Come on, you were thinking taser when you read the post. As in tasering a revenuer. ;) |
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Written By:
capt joe
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In fact, I assume it is actually a poll of only those who do pay income taxes, There is nothing on the Gallup page that says the respondants pay(ed) Federal Income Tax.
Non-taxpayers would probaly account for a large part of that 42% that think the amount they pay is just right. |
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Written By:
Jay
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"Non-taxpayers would probaly account for a large part of that 42% that think the amount they pay is just right."
Possibly. I tend to think that the "Goldilocks" portion of the public is largely composed of those who have received good-sized refunds over most of the past few years. The too-muchers likely consists of those whose refunds are an "enjoy your burger, fries and Coke are extra" amount or will have to pay up significantly tomorrow. |
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Written By:
CR
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"A majority of Americans think their Fed taxes are too high"
Yet you left off the collarary:
"......and think other’s Fed taxes are too low"
WHich is why we’re where we’re at now |
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Written By:
shark
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CR:I tend to think that the "Goldilocks" portion of the public is largely composed of those who have received good-sized refunds over most of the past few years. The too-muchers likely consists of those whose refunds are an "enjoy your burger, fries and Coke are extra" amount or will have to pay up significantly tomorrow. As horrible as it is to contemplate so much ignorance all at once, this is no doubt true for large numbers of tax payers.
If withholding were stopped, so that people had to pay — and therefore see — their whole income tax bill when they submitted their 1040s, there’d be riots.
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Written By:
Linda Morgan
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The majority of Americans have been conditioned to live way beyond their means. (See consumerist society.) That which masks personal economic reality has an insidious and metastasizing effect on our collective national economic reality.
The question a moral society asks itself "Are we living within our means?", and, by logical extension, "Are we paying our own way if we are not living within our means?"
The question a disconnected from cause and effect society asks "Are we paying too much in taxes?" That is a free-floating, baseless question, not rooted in anything except an almost reflexive, automatic response that "Of course I pay too much in taxes." But that is the question posed by a con man.
Neither party, despite years of rhetoric swearing, vowing and "contracting with the American People" has resulted in any significant cut-backs. When Legendary Newt was railing about pork-barrel spending running amok, his district in Georgia was first in line at the public trough. The Bush give-away to the pharmaceutical campaign contributors is a colossal guaranteed free lunch to already extremely profitable companies. Billions in tax giveaways of borrowed public funds to oil companies gushing profits never before even imagined is collective insanity. Small government? Give me a break.
Until enough Americans put down their prefabricated hoses of verbal disdain for “the enemy within”, we are condemned to make the reality-based bottom America must finally and inevitably descend into just that much deeper. We must collectively stop digging our way to China.
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Written By:
Juan Man
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Current models of corporate taxation by societies:
A Liberal believes that a corporation must be monitored, regulated and taxed if a Sovereign People’s government allows the corporation to do business within that society.
A Conservative believes that corporations left to their own rules and devices produce the greatest benefit for the societies which allow them entry to do business, and that corporations should pay no taxes and pay whatever wages they think appropriate.
A Libertarian believes that corporations compete ruthlessly against each other by driving down the prices of their goods or services to the consumers in a society, and when all competition has been eliminated, corporations then present the greatest benefit to society. Libertarians believe that no-one should be taxed. Like the caveman days. Or maybe just tiny, tiny taxes - just for the barest necessities. Just because it has never been done before by any "society" does NOT mean it isn’t just perfect for the U.S.A.
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Written By:
Juan Man
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Did the recent Gallop Poll also ask exactly which of their societal-based benefits they would willingly pay for themselves?
No Fair if they didn’t. It’s like polling for how many persons would like to be rich. It’s a meaningless question without asking what would they be willing to do to get rich.
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Written By:
Juan Man
URL:
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If withholding were stopped, so that people had to pay — and therefore see — their whole income tax bill when they submitted their 1040s, there’d be riots. Or, put another way, business owners who have to pay quarterly estimated amounts definitely feel the pain unlike those of us who are salaried. I work for a Fortune 500 co. while my wife consults on a 1099 basis. We’ve been [sarc]lucky[/sarc] that my monstrous withholdings cover her as well most years. |
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Written By:
CR
URL:
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SShiell, 70% under Carter is atrocious, but I just found out that in 1936, the highest earners in America were subject to a 79% tax rate!!
See here for more. |
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Written By:
Jen
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