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Reader comment on:
It's Not Cost of Living, It's Taxes
in response to reader comment: We get good value for what we pay

Submitted by ernest, Jun 12, 2007 09:57

First take nothing I say as fact. check it out then make a decision on the truthfullness of what I'm about to say and let it help you to decide who pays their "fairshare". Use the intellect that God gave you when you vote. www.irs.gov

1) more than 25% of Americans paye less than 0 in annual income taxes (irs fact). let me get this right you live on subsidies (paid for with taxes), In subsidized housing (paid for with taxes), buy groceries with food stamps (paid for with taxes), and you get a refund of taxes you never paid? (my opinion)

When you hear anyone state that the upper income brackets don't pay their "fair share" realize that every group from the top 25% and up pays a larger share of the taxes than they earn.

top 25% of 1040 documents filed in tax year 2004 paid 84.86% of the bill want to join this priveliged group? Good glad to have you combined income $60,041. (IRS FACT)

maybe the the top quartile isn't good enough for you so go for the top 10% pays 68.19% of the total tax bill and has a combine income of $99,112 tax year 2004 (IRS FACT)

ok so you are a really high achiever you need the top 5% tax year 2004 combined income $137,056 and they pay 57.13% of the taxes paid (IRS FACT) imagine that. so New York, Chicago, Denver, Atlanta, San Fran, LA, this may look rich if you live in the lower cost of living area of the country. However, in the land of $1,000,000 homes that really look like apartments. Tehy are talking about you. Should the tax system be progressive I think so, make more pay more above a threshold flat tax and no one pays less than ZERO the tax system isn't supposed to be a social program. we have those already in place can't afford to support your children do what we do in the middle class stop don't have them.


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Other reader comments on this article

Comment By Date

Mr. Moody is right on. Anyone with a rudimentary knowledge of economics knows that high taxes are destructive in so... [MORE]

Barbara

Apr 25, 2007 18:36

NYC taxes are very progressive in some ways (e.g., no sales tax on clothing). And the money is put to... [MORE]

Maximus

Apr 26, 2007 15:58

First take nothing I say as fact. check it out then make a decision on the truthfullness of what I'm...

ernest

Jun 12, 2007 09:57

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