LJWorld.com weblogs Loyal Opposition
Guess Who is not Paying Taxes - Round II
About a week ago I published some original research that supported the hypothesis that approximately half of all households pay little or no federal income tax. I was denounced as a hypocrite and a liar. This time I present data from the Wall Street Journal (that reactionary right wing propaganda “rag”) that supports the same hypothesis.
The article notes that about 2/3 of the 76 million taxpayers (my number is between 60 and 80 million) that pay no federal income tax actually pay payroll taxes. A red herring put forward by those on the left. Payroll taxes are specifically designated for a specific benefit for the payee – a benefit that in many cases returns more than was paid. They contribute nothing to the “common pot” and all pay them.
There is this argument from the left that these people are all poor. Well, that may be so if the definition of “poor” floats. If we use the government definition, only about 33% of these people are poor (12 - 15% of population). Of course, for some of us defining 76 million people as poor (those not paying federal income tax) is just sensible politics. I guess the remainder of us are all rich and should be shorn.
Some point out that there are many seniors in that set. Absolutely. If you are a senior with only social security as an income, you are by definition poor. Perhaps we should expand social security payments – whoops we cannot afford it. So how can we afford to allow so many non-poor to pay so little?
Is it fair to place the full burden of supporting the operations of the federal government on those making between $50K and $250K (the other half of the population) – households that by any rational definition are not rich. Should not a substantial majority of us have some “skin” in the game?
I sure would like an answer to that question rather than the standard denial of the data or demonization of those who dare to point out this inconvenient fact!
The WSJ article may be found at: http://online.wsj.com/article/SB10001424053111904070604576516703053922830.html?mod=ITP_pageone_2