Analysis: 'Fair share' in taxes? Not by the number!

[Odysseus]

Right, but we weren't a world power until after the current income tax was instituted. My point is simply that the point of sale tax , which I understand to be different from a tax on manufacturing and imports, would be difficult to enforce.

You are confusing causation with corelation. The current income tax was established in 1913, as you stated, but by every measure, America was a world power by then. The period between the Civil War and WWI saw the United States emerge as the greatest industrial nation in the world (even before WWI turned Europe's industrial output into scrap metal), the largest supplier of agricultural products and the emergence of the US as a major military power. The big wake-up call for Europe that we had arrived was when the United States defeated a European power, Spain, decisively in 1898. A few years later, Teddy Roosevelt sent the US Navy on a global cruise that established our presence as a naval power. All of this occurred without an income tax.

[Janice]

Chris Christie thinks Warren Buffett should 'shut up' about additional taxes.

New Jersey Gov. Chris Christie is known for telling it like it is and didn't bite his tongue when the topic of taxes and Warren Buffett came up on The Piers Morgan Show on Tuesday night. Christie had been talking about his budget plan when Morgan brought up Buffett. "He should just write a check and shut up," Christie said. Earlier in the interview, Christie said he's sick of hearing about Buffett and asked Morgan if he was going to ask about Buffett's secretary next.

[Apache]

Chris Christie thinks Warren Buffett should 'shut up' about additional taxes.

New Jersey Gov. Chris Christie is known for telling it like it is and didn't bite his tongue when the topic of taxes and Warren Buffett came up on The Piers Morgan Show on Tuesday night. Christie had been talking about his budget plan when Morgan brought up Buffett. "He should just write a check and shut up," Christie said. Earlier in the interview, Christie said he's sick of hearing about Buffett and asked Morgan if he was going to ask about Buffett's secretary next.

Darn tootin'! Buffet is hiding behind tax laws and he damn well knows it. If he were serious about the rate he thinks he should be paying, he would draw a salary and pay on the income scale not capital gains...

[Starbuck]

Buffett's income & Taxes:

had adjusted gross income in 2010 of $62,855,038, taxable income of $39,814,784, and a federal income tax bill of$6,923,494. That makes his effective tax rate, as a percentage of AGI, just 11.06%, compared to an average effective rate in 2008 (the most recent year available) of 18.1% of AGI for the 400 taxpayers with the largest incomes,

http://www.forbes.com/sites/janetnov...te-is-just-11/

If Buffett was so sincere, he would just declare his income and pay taxes on it. You know, Adjusted gross = Taxable income. No deductions. Nothing illegal about that. Should take him 10 minutes and he wouldn't have to keep all that paper work.

[Starbuck]

Here's more info:

Income / % AGI Paid
1-25,000/ 1.76
25-50,000/ 5.32
50-100,000/ 8.41
100-200,000/ 12.59
200-500,000 / 19.50
500-1,000,000/ 23.92
1-10,000,000 / 24.47
10,000,000 + / 20.89
109,736,000+ / 18.11
http://www.forbes.com/sites/janetnov...te-is-just-11/

The last category represents the highest 400 referred to in the post previous. You gotta make more than 109,736,00 to get into that category.

[AmPat]

Hey, I'm OK with giving property owners a kick in the slats if you like. Let's stop Section 8. You want to hear pigs squeal, just listen to the noise of these ten cent millionaires with rental properties if they couldn't fill them up with subsidized tenants. Funny how that welfare money works- it all ends up in the pockets of millionaires: landlords, doctors, and grocery stores.

Funny how that ill-gotten gain has a way of going home, huh? Who do you think that free money came from in the frist place? Hint: it didn't come from O Blah Blah's secret stash.

[Janice]

49.5% of Americans Pay No Federal Income Tax, Can
Obama Get that Number to 51% by November?

Under Barack Obama, the number of people not paying federal income taxes in America has officially hit 49.5%. That means almost half of America, or 151.7 million Americans, are enjoying privileges or living off benefits the other 50.5% pay for. What kind of benefits am I talking about? Almost every kind you think about.

MORE great reasons to vote democrat ...

[Starbuck]

49.5% of Americans Pay No Federal Income Tax, Can
Obama Get that Number to 51% by November?

Under Barack Obama, the number of people not paying federal income taxes in America has officially hit 49.5%. That means almost half of America, or 151.7 million Americans, are enjoying privileges or living off benefits the other 50.5% pay for. What kind of benefits am I talking about? Almost every kind you think about.

MORE great reasons to vote democrat ...

Wealth transfer has arrived. All Aboard!

[BadCat]

It is pretty straight forward; income taxes aren't the only taxes assessed at the federal level.

I really don't know why that is so difficult to understand.

How much did you pay in FEDERAL INCOME TAX for 2011, moonbat?

Is that question too difficult for your little mind to comprehend?

[Zeus]

That wasn't bullshit; that was horseshit. Horseshit isn't manifestly false. It is subtle. Let's look at it real quick:



As they file their tax returns. Now, as everyone knows (well, most anyway ... you seem to be confused) income taxes aren't the only federal taxes assessed. You notice they do not say income taxes in that sentence, though. But they do use the word "returns." Now, you don't file a "return" for social security taxes or medicare taxes or any excise taxes so they slip that by without using the modifier "income." before they ask the question:



Well, in a reasonable conversation, all taxes would be examined to try and come to a conclusion on that question. But this isn't meant to be a reasonable examination, is it?



The transition is complete. Now, the piece goes into the income tax burden only after making sure income taxes are the only ones being discussed.

I don't really care if the numbers they use are accurate, they use weasel words like "close to," "almost," and "about," but that is a secondary issue to the real problem of the argument (propaganda, really).

All those taxes you mention are tied to income so you are still full of it.Your fantastical argument only works on folks weak in math.