Thursday, September 15, 2011

Those Who Pay No Taxes

A terrible precedent is set in a country when almost half the working adults pay no taxes. Because you cannot have a true democracy with a divided citizenry.

Of about 76 million potential taxpayers who pay no taxes (2011) about 50% manage to do so because of the number of dependents claimed. And 22% for the standard deduction for the elderly. About 15% get credit for their number of children, or for being working poor. About 3% get education credit. About 10% are classified as miscellaneous.

Everyone should pay something; have “skin in the game.” Small amounts, so that their wallets are affected by government largesse. And no reimbursements of what they never paid the IRS. Those who need funds can get welfare assistance from a government agency other than the IRS.

But you cannot have voters who pay nothing into a system voting for politicians whose motto is ‘soak the rich,” while those rich are merely neighbors who are earning a little more that has become taxable. (See the Earl J Weinreb NewsHole® comments.)

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