Quote:
Originally Posted by 12clicks
considering the bottom 50% pay nothing, a little tax burden shift seems appropriate.
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You repeat this over and over again yet it doesn't make it any more true. Just more faux news spin. You are talking about federal taxes. And if you want someone to blame for that blame Nixon the EITC.
"47 percent of households are owed more in federal help than they pay in federal income tax. But it's not because they don't owe federal income tax.
It's because they're owed other money that runs through the tax code. Example: Earned Income Tax Credit....The result isn't that you don't owe anything in federal income taxes, but that your income tax liability is wiped out by your EITC check. The critics of the tax code don't seem(want) to know this"
http://voices.washingtonpost.com/ezr...y_no_taxe.html
Besides you could take ALL the poors money they made in a year and you would only have 1 trillion. That's about 9 percent of the GDP. Tax the poor 100% and you still won't fill the gap. On top of that Cains plan in 2007 "would have yielded just under $1.3 trillion in total federal tax revenue -- 9.2 percent of the GDP -- compared to 18.5 percent of GDP in tax revenue that was actually collected that year."
So basically the 999 plan should be called "Tax the Poor More!"