4 thoughts on “Quote of the Day”

  1. That makes too much sense.

    Can’t have that.

    Besides something like 3=5% of the upper incomes pay almost 50% of the income tax, while almost half the country pays nothing.

    Which makes me wonder exactly what “fair share” means.

  2. Pithy said.

    [aside: J, maybe you shouldn’t reveal the name of the blogger; at the link his name is no immediately apparent. He might prefer to remain under a pseudonym]

    Bill, that number – half a country doesn’t pay taxes at all – have been suspect to me for some time. Per my own experience, even when the only source of income is unemployment payments, one is still taxed under 15% bracket. Of course, people with outstanding mortgages and several young kids can get tax credits, but I don’t think they constitute 50% of the country – and the rest of the credits available to minimize one’s taxes are so rare (like writing in amortization of farm equipment or being a member of Native American tribe, etc), that must be negligible in the big picture. I don’t know…I have had several conversation on this topic with ppl on the net – and usually the most firebreathing defenders of that figure are people who earn good money, pay a lot of taxes and never lost a day out of job.

  3. If nothing else, they get to pay the taxes the rich and the corporations are paying. Effectively, corporate taxes work about the same as a VAT or sales taxes. We just pretend otherwise.

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