Tuesday, December 13, 2011

Top 1 percent of tax returns paid 36.7 percent of federal individual income tax - Shooting Sports Forum

In response to, Top 1 percent of tax returns paid 36.7 percent of federal individual income tax - Shooting Sports Forum

Newsflash!! Our economy is already on life support, crowded out by federal spending. If, as you say, everything will be just fine if we just lower taxes, costs, and energy. However, soveriegn debt soon slaps you back into reality, as it is in Europe.

The US doesn't owe $15T, it owes anywere from $153T to $202T, depending on whose numbers you use.

Just write a check for $202T, and everything will be cool. You can't, no one can, and there's the rub, something has to give.

Will it be world war and totalitarian police state, or do we unwind Methusala, the beast we allowed the feds to become?

I vote for unwinding the federal govt, individual freedom, and I will vote for RP in the primaries.

Respectfully, cutting taxes doesn't cut it. Reagan tried it and here we are. Spending must be cut, but not before two decades of anti US jobs policy is reversed. Unemployment in the US is 20%, why? Hmm, could it be corporations don't want to share record breaking profits, which by the way, have been heavily subsidized either directly or indirectly but little or no tax obligation?

Again, to whom does the benefit accrue? It's the top 1/10 of 1% who support the top 1%, and that's it. Are there exceptions, yes, but that's the rule.


When raising taxes and cutting spending aren't enough, you're down to entitlement reform, and I suggest we start with the retirement benefits the US Congress has voted for themselves.

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