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View Full Version : Half Pay No Income Tax! Guess which half?



Deeman3
04-08-2010, 12:10 PM
<span style="color: #FF0000">Would it be wild speculation to say that this is the same 47% who wanted "Free" Health Care? </span>



WASHINGTON - Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

Most people still are required to file returns by the April 15 deadline. The penalty for skipping it is limited to the amount of taxes owed, but it's still almost always better to file: That's the only way to get a refund of all the income taxes withheld by employers.

pooltchr
04-08-2010, 02:25 PM
So I guess those who suggest that the rich don't pay their fair share of taxes are correct. Seems they pay their fair share, and someone elses as well!

Steve

Deeman3
04-08-2010, 02:56 PM
Well, actually, the rich pay a much larger share then their portion under all but the most radical of concepts. In fact, only a very minor percentage of the population are net tax payers with the vast majority being net receivers of the largess. The half refers to those paying nothing to the federal government.

The problem vs. the European model that has survived proped up for decades is that we have a very large portion of the population who has never and will never contribute to the general fund and, in very large numbers, are expanding through large birth rates, multi-generational incarceration lifestyles and entire communities living completely off the system we may not survive as long as the Europeans did. As we approach a majority on the dole, it becomes much easier to eat theh gravy than to make it. /forums/images/%%GRAEMLIN_URL%%/smile.gif

Deeman3
04-08-2010, 03:01 PM
I just got an answer on our health care costs you had asked about before. Our predicted cost increases, having a majority young and healthy workforce was at 7% for each of the next 4 years. Now it is for 12% next year, 14%, 30% and 41% respectively if our experience rate (our incidence and costs over that period) do not change.

That is mearly a projection by BCBS but I will monitor as it becomes real. This shift will hit us particularily hard as what used to be a plus, a young work force, is now not an advantage it seems.

We shall see.

pooltchr
04-08-2010, 04:43 PM
So if I understand it correctly, you are projecting a significant increase in your cost of doing business due to the healthcare bill???

An increase in the cost of doing business would probably be offset reducing the amount spent on payroll for employees, and possibly even passing along some of those costs to the consumer in the form of higher prices???

How's that Hope and Change thing working in your business???

Steve

Qtec
04-08-2010, 05:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Half Pay No Income Tax! Guess which half? </div></div>

The half with no money?

Q

LAMas
04-08-2010, 07:53 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Half Pay No Income Tax! Guess which half? </div></div>

The half with no money?

Q </div></div>

The half that need welfare to secure assisted living, aircon, large screen TVs, sporty sneakers, food enough to become overweight, cigs and Colt 45.