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When liberals take deductions on their income tax returns do they call those "government subsidies"?
Just checking...
13 Answers
- pmc123Lv 68 years ago
As a working man, I can attest to the fact that I pay a higher Federal Tax rate than Mitt Romney paid last year, I have no deductions - other than the standard deduction and my spouse as a dependent. The only "government subsidy" I see on my return is a write-off for a capital loss that I suffered in 2009. Yes - even middle class liberals invest in the market - and understand the "intricacies" of the financial markets.
I don't take oil depletion allowances - those are Republican subsidies
I don't take any direct farm subsidies - those are Republican subsidies
I don't take any S corporation or industrial development grants - those are Republican subsidies.
I did pay tax on my unemployment compensation a few years ago- that is a fully taxable "entitlement"
- cosmoLv 78 years ago
No, I don't think that the state income tax and the real estate tax I pay are a government subsidy.
- Anonymous5 years ago
particular they do. maximum human beings do no longer itemize deductions, in spite of the incontrovertible fact that. maximum human beings use the effortless deduction. Taxpayers might the two declare a effortless deduction or itemize deductions one after the other. In 2010 the effortless deduction became $5,seven-hundred for single filers and $eleven,4 hundred for married filers. greater taxpayers declare the effortless deduction than itemize: Tax coverage middle estimates that approximately 70 % of taxpayers will declare the effortless deduction on their 2010 tax returns. Taxpayers in greater tax brackets are greater in all probability to itemize than those in decrease brackets (see table). basically 3.9 % of taxpayers interior the 0 % bracket and sixteen.2 % of taxpayers interior the ten % bracket itemize. In sharp assessment, 70.9 % of taxpayers interior the 33 % bracket and 89.4 % of taxpayers interior the 35 % bracket itemize. very almost all taxpayers on the alternative minimum tax itemize.
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- ?Lv 68 years ago
Certain deductions are allowed by law. Those are the tax codes, regardless of your political stripe. Try reading a book.
- RIGHT IS RIGHTLv 78 years ago
Liberals pay no income taxes on their unearned income from government handouts and then they file an income tax return reporting that they paid no income taxes and then they get a " refund " check on income taxes that they don't pay.
Source(s): Liberals take the most and give the least - ?Lv 58 years ago
When corperations do it on a larger and more unfair scale, is it the same? I thought the coservative mindset was to pay as little as possible ? Now you are mad at them making deductions?
Source(s): Non lib non con.try it. - Lance BLv 68 years ago
No, it's called "Their Fair Share".
They decide what's fair for both themselves, and you.
- ?Lv 78 years ago
Literally 100% of liberals (except the ones who are hypocritical shitbags) pay 35% of their GROSS REVENUE.