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According to the CBO even the bottom quintile of taxpayers pay federal taxes..

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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-08-10 03:56 PM
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According to the CBO even the bottom quintile of taxpayers pay federal taxes..
When you include payroll and excise taxes, all income quintiles pay federal taxes..

http://cbo.gov/ftpdocs/88xx/doc8885/EffectiveTaxRates.shtml#1011537

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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-08-10 04:16 PM
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1. On CNBC this morning
they were talking about the top 10% paying 73% of the taxes and the question was asked if taxes punished success.

The answer, in a way is, yes. If you screw the middle class out of income, you'll pay a larger share of the tax burden. So if you are successful at destroying the middle class, you are punished. A vibrant well paid middle class will pay more of the total tax burden. If the working poor were paid more, they would pick up a share of the tax burden. If you have more people paying taxes, it is possible to reduce tax rates.

Where do they find these idiots? And why do they pay them so well?
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-08-10 05:05 PM
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2. it's interesting ... because when you point out about a "successful liberal"
making millions of dollars, and a conservative barely making enough to survive but joyfully touting the RW talking points, then you get the spin about how someone defines "success" ...
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