Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Does Obama think that the bottom 50 % of all wage earners are paying their " fair share " of income taxes by ?
The top 50 % of all wage earners already pay 97 % of all income tax revenues that are collected.
When are the bottom 50 % of all wage earners going to pay more than 3 % of all of the income tax revenues that are collected ?
Does Obama think that the bottom 50 % of all wage earners are paying their " fair share " of income taxes by paying 3% of all income tax revenues collected ?
12 Answers
- Anonymous10 years agoFavorite Answer
He is a Looter. They are Moochers.
The relationship between the two is such that he and his gang arrange for the Producers to be taxed so that they can direct part of the confiscated money to the Looters. The Looters in turn re-elect them.
That's how it works..
.
Source(s): opinion - Anonymous5 years ago
I don't think he said that. Where's your source? If you are talking about the top 1 or 2% of incomes, those are not wages. Investment income is not the same thing as wages. If you want a larger segment of the population to pay some federal income tax, perhaps you should advocate getting rid of child deductions. I think the problem is not that the upper income folks don't pay their fair share of taxes but that too much wealth is going to the top quintile. Our tax code needs to be overhauled so that companies will have the incentive to make capital investments instead of paying out huge dividends and multimillion dollar salaries to management. We also should remember that while income tax is progressive, meaning the more you make the more you pay, other taxes are regressive, meaning the poorer you are the higher percentage of your income goes to those taxes. Examples are gas tax, utility taxes, property taxes (as part of rent), and sales tax. In Mississippi, even grocery staples like bread and milk are taxed!
- BrianneLv 710 years ago
The rich should pay their share but for those who are feeling so sorry for the 'poor' nine tenths of those 'poor' don't have to be if they'd get work and pay their fair share. They are no better than the rich getting all the entitlements, still work, still collect child support and yet still get my tax money. At least the rich benefit something to society.
- JanetLv 610 years ago
Obama and others with some fiscal sanity know that by taxing the income of homeless collecting bottles, pop cans, and cardboard will probably not have much of an effect on our problem.
- How do you think about the answers? You can sign in to vote the answer.
- serenazLv 710 years ago
Those who CAN should pay more ... however in the US those who CAN have access to all sorts of lurks like creative accounting ... off shore bank accounts, trust funds etc etc ... so really it's those wage earners whose taxes keep the whole sorry shebang going ... !
- ?Lv 510 years ago
yeah, let's increase taxes on the poor that spend most of their money... THAT WILL REALLY HELP the economy...
and it will riase tax revenue by a good 3 or 4 percent... I mean, the lower 50 percent make so much money that raising their taxes will create a HUGE amount of income... lol
- Anonymous10 years ago
1. the poor should be in jail
2. anyone making below 250k should pay 75% tax rate.
3. above 250k - 0% taxes
obviously rich people know how to manage their money and work much harder than poor people and should be rewarded as such.
- ?Lv 710 years ago
Dave thinks HALF of us are in poverty AND that there are only 100 million of us - unless he's just a liar, of course.
- 10 years ago
Even the poorest of the poor pay a 7.65% tax rate. You can't get social security and medicare contributions back.
Those poor babies the rich usually pay around 15% (long term capital gains). The middle class pays most of their income at 22.65% or 32.65% rate.
- Anonymous10 years ago
No, not even Obama is that stupid. What he does think is that if he villainizes "the rich", his supporters will rally around him for their share of the free cheese.