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Whatever their political perspective, people find reasons to get upset on tax day.

Pundits talk a lot about the growing tax share of the rich, and the 47% of Americans who don't pay income tax. These arguments are somewhat unfair because they ignore the growing wealth disparity.

But they're just two of many ridiculous facts that emerge in this giant bureaucratic mess.

The IRS has more employees than there are people in Flint, Michigan (106K vs 102K)

You could fill Dallas with the number of accountants Americans hire to help with taxes each year (over a million)

Americans spend $28 billion and 8 billion hours each year doing their taxes.

In 1915, a Chicago lawyer said the tax form was "so complicated that it is utterly impossible to understand its meaning save by consulting a palmist." (Back then the tax code was 400 pages long.)

The number of pages in the tax code has increased 16,775% in the past century

84% of people think it is NOT AT ALL acceptable to cheat on your taxes. And yet...

90 percent of people who employ babysitters and housekeepers end up cheating on their taxes

Tax rates are declining for everyone, but especially the top 1%

So how come rich people are paying more taxes than ever? Because they are gaining wealth faster than the tax rate is declining!

47 percent of Americans pay no federal income taxes; but they do pay state and local taxes, sales tax, gas tax, utility tax, cigarette tax and other tariffs

A $100K earner takes home 62% in New York. She would take home 72% in Dallas.

The 400 best-compensated Americans earned an average of $345 million apiece (2007)

The average federal income tax rate for these 400 was 17%. This is down from 26% in 1992. (Thank low capital gains taxes).

New York City has the highest corporate income tax in the world

Thanks to big loopholes, GE paid no taxes on U.S. operating income of $5.1 billion. Actually, they claimed a $3.2 billion tax benefit

Business Insider pays more in taxes than GE

Over 100 companies on the S&P 500 paid less than 20 percent in federal taxes. (The corporate tax rate is supposed to be 35 percent)

Nicholas Cage owes around $14.6 million in back taxes. That's more than his last movie, Drive Angry 3D, earned on opening weekend

At least we aren't Sweden, where the top income tax rate is 56.5%.

Another gift to rich people hidden in the new tax deal: $5 million tax-free gift exemptions, up from $1 million previously

Where does it all go?

http://www.businessinsider.com/facts-about-taxes-2011-4?op=1
 

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So the richest pay "only" 17% in income taxes. I personally think that is plenty. But they can only do that by making the type of investments the government pushes them to make in order to get their tax breaks. Don't be mad at the rich -- who wouldn't pay as little tax as possible? If you're going to be mad, be mad at the congress who made those tax breaks available. We need to get over this "hate the rich" mentality and focus on the real problem - congress. They have played Santa Claus so long to so many people that there is no way to cut back now that we can't afford it any more. And in spite of the constant baying by the Dems, raising taxes on the rich will be no more than a drop in the bucket toward a solution.
 

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So the richest pay "only" 17% in income taxes. I personally think that is plenty. But they can only do that by making the type of investments the government pushes them to make in order to get their tax breaks. Don't be mad at the rich -- who wouldn't pay as little tax as possible? If you're going to be mad, be mad at the congress who made those tax breaks available. We need to get over this "hate the rich" mentality and focus on the real problem - congress. They have played Santa Claus so long to so many people that there is no way to cut back now that we can't afford it any more. And in spite of the constant baying by the Dems, raising taxes on the rich will be no more than a drop in the bucket toward a solution.
You are right, but just as the bucket took a long time to empty out it will take quite a while to fill it back up. If we try to fill it up all at once the bottom will fall out and kill the economy. This is a sensitive problem that must be dealt with in a cooperative and coordinated manner.....in otherwords we are ****ed.
 

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You are right, but just as the bucket took a long time to empty out it will take quite a while to fill it back up. If we try to fill it up all at once the bottom will fall out and kill the economy. This is a sensitive problem that must be dealt with in a cooperative and coordinated manner.....in otherwords we are ****ed.
We finally found something we agree on 100%. :laughing: Sooner or later, a leader is going to have to have a heart-to-heart with the country and spell out that we are in deep **** and we are all going to have to hurt or our country will die. Any plan that excludes the 47% of Americans that pay no income taxes from the pain is a non-starter in my book. We all got in this mess together by demanding too much from government. By George, we all need to pay the piper to get out of it.
 

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So the richest pay "only" 17% in income taxes. I personally think that is plenty. But they can only do that by making the type of investments the government pushes them to make in order to get their tax breaks. Don't be mad at the rich -- who wouldn't pay as little tax as possible? If you're going to be mad, be mad at the congress who made those tax breaks available. We need to get over this "hate the rich" mentality and focus on the real problem - congress. They have played Santa Claus so long to so many people that there is no way to cut back now that we can't afford it any more. And in spite of the constant baying by the Dems, raising taxes on the rich will be no more than a drop in the bucket toward a solution.
When the rest of us pay close to 25% or 40% including local taxes... Ya. Not quite fair.
 

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Don't be mad at the rich -- be mad at the congress who made those tax breaks available.
The average net worth of a senator is a couple of million, and the house member average is somewhere between 500k and 1 mil. Including the annual salary of 174k. I would consider that to be upper class at the least, most would probably consider that rich.
 

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When the rest of us pay close to 25% or 40% including local taxes... Ya. Not quite fair.
:agree:
That's all you pay? Everyone should pay 50%. Better yet, Go to a 'flat tax' of 17% with a 5 yr. VAT of 5% to be repealed after that 5yrs.

The 5yr. VAT will get the debt managable, and the flat tax will insure EVERYBODY pays taxes because it's consumer-side. Corps will have to pay because of operating costs, materials, etc. Income tax is not only pervasive, it's been show all too often to have loopholes...just pay cash, no tax revenue is generated.
 

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Nope... didn't explode. Corps and the rich still pay too much on average... and 45% of citizens do not pay enough. Everybody pays too much in state and local taxes.

This would not be an issue if the rep. of government would stop being so generous with our money. This includes Planned Parenthood.
 
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