Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Wednesday, September 19, 2012

47% of Americans

 

So this is the break down of those 47% of Americans who do not pay taxes. Most of the people who do not  pay any taxes are the elderly. Is that wrong? 

Many of them do not have an income they are living off of their retirement plans and social security. The argument can be made that they actually do pay taxes such as property tax which has been on a steady increase over the years while their incomes are fixed. I believe that the elderly are still paying their weight if not more because their property taxes and sales taxes go towards programs that many of them do not use any more. A majority of the property taxes go to support local school districts and many of the elderly have not had children in schools in a long time. 

The issue of taxation is always the scapegoat to point out the unfair nature of american system. It is important to know that it cant always be fair but the system can be examined to make it work better.

How does learning this information make you feel?

Were you surprised to learn this information?