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Old 04-15-2005, 10:25 AM
Zetack Zetack is offline
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Join Date: Jul 2003
Posts: 656
Default Re: Should gambling be taxed?

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Anyway, mostly the proponents of sales taxes have an ulterior agenda - which is shifting the tax burden from the rich to the poor. If that wasn't the case, they'd also favor simplifying the current system, by - for example - eliminating itemized deductions. But they don't favor it, because itemization mostly benefits the wealthy.

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You are 100% CORRECT! I'd like to see the poor pay SOME of the tax burden and see my portion lowered. I'd like to see the wealthy's portion lowered even more. It is beyond unfair and insane that the top 5% of income earners shoulders 50% of the tax burden. It is just as insane that the top 50% shoulder (essentially) 100% of the tax burden.



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You just make stuff up to support your beliefs.

According to the Congretional Budget Office (which is non partisan).

The bottom 20 percent of income (under $14,90) paid 1.1 percent of the taxes.
The next 20 percent paid 5.2 percent of income tax revenue.
The middle 20 percent paid 10.5 percent.
The next 20 percent paid 19.5
And the top 20 percent paid 63.5 percent.

You may not like these percentages, but this, bottom fifty percent pay nothing crap, is just that.

Interestingly, since Bush came into office the effective tax rate for the top 1% of income (over 1.1 million per) has fallen from 33.4 % to 26.7%...a twenty percent drop. The government must be rolling in money.

--Zetack
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