Wednesday, April 7, 2010

Can we sustain this (1/2 of households pay no tax)?

Over at the Drudgereport was a big banner that stated "ROB THY NEIGHBOR: HALF OF HOUSEHOLDS PAY NO FED INCOME TAX". So I clicked on the link and it brought me to a Yahoo News story that reported that "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."

The source of the story is the Tax Policy Center which has a report (dated 02 July 2009) that supports this data. And I ask you, when you hear new Healthcare policies, increased Government dependency, and the other crap that Obama has planned for the US, how can we continue to prosper when ½ of the households have no stake in how tax money is paid and have no responsibility to pay for services that they enjoy. Secondly, how would a candidate who threatens to perhaps decrease this dependency be treated? Would any of these households vote to decrease their tax credits, deductions and exemptions? What responsibility do the other 53% of households have to sustain the entire Tax base? Doesn't seem very fair….

Not to sound like a prick – how many of these households have cell phones, big screen TVs and other luxury items?

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