According to taxfoundation.org the percentage of non income tax payers is on the rise.
http://www.taxfoundation.org/publications/show/25962.html
There's a 47% of non income tax payers rumor floating around out there for 2009 taxes. I don't know if that's true or not, but the above graphic should be of concern to you and here's why.
1. Baby boomers are all in the process of retiring or making plans to retire and while many of them have saved a nest egg for retirement, they will all still be planning to get their social security checks and medicare benefits while retired. If we have fewer people paying into the tax system than are relying on benefits and programs that income taxes pay for, we have an unsustainable system.
2. Unsustainable systems encourage and result in negative population growth which makes the number receiving services to paying for the services get larger and larger over time. See Europe as an example which has had this problem since 2000.
http://en.wikipedia.org/wiki/Population_decline for more information and sources.
3. Where there is a decrease income to the federal government from income taxes, there are 2 options; Make cuts to programs and services (which I'm on board with across the board including Medicare and Medicaid) and/or increase taxes. We currently don't have leadership willing to make cuts across the board to everything. We as a nation are apparently to dependant on the Government to privatize social security. Look at your SS statement next time it comes in. Big cuts are on the way in just a few years if it doesn't get fixed.
4. If the health care bill that was passed doesn't get overturned and is successfully funded, that will mean a lot more people will be receiving services from the government which is funded by we the people left paying taxes. I don't know about you, but I already pay more than my fair share. I don't want to pay any more. Those of you willing to pay more than your fair share, go right ahead. There's no law against paying more.
These are just some examples of why this statistic should concern you. What is my solution you ask? Please visit http://www.fairtax.org/. The fair tax repeals the income tax established in the 16th amendment and instates a consumption tax. That means everyone that consumes pays taxes whether they are here legally or illegally, doing business within the law or under the table, earning currently taxable income or not, and receiving government services or not.
Article I Section. 8. of the U.S. Constitution
Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
The 16th Amendment was ratified by the states in 1913 allowing for collection of income tax. I don't know about you, but this amendment sounds unconstitutional to me.
A vote for Lola is a vote for sanity that has been long absent from our government.
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6 comments:
I'm sure in 1913 they had NO idea what the future of this amendment would be. Who could imagine a government that would spend more than it sucked in and keep wanting more.
You have some gross inaccuracies in this post. Federal income tax is NOT what pays for social security and medicare. The FICA payroll taxes do. Every worker pays those from the first dollar earned.
Second, if something is IN the constitution is it by very definition constitutional. If you don't like it, start a movement to amend the constitution. We don't get to pick and choose which parts we adhere to.
I never said taxes were unconstitutional. My point was that income taxes are unconstitutional. Income taxes were brought in as part of an amendment to the original constitution that the founding fathers established and are not applied uniformly as stated in article 1 section 8. Also they were very specific with what taxes could be raised for; debts, common defense, and general welfare. I don't believe general welfare means 1 group of people paying for another group of people.
I also didn't say that income taxes pay for SS and Medicare. But it doesn't matter Fica and social security taxes are based on your income up to $106,800 for 2010. http://money.cnn.com/magazines/moneymag/money101/lesson18/index4.htm
Sorry you find this to be a 'gross inaccuracy.'
Finally, If you'd bothered to calm down and read the words I posted rather than get bent out of shape about my disdain for our ununiform tax system, I do believe I cited a movement that I support to repeal the 16th amendment to the constitution that established the income tax. It's call the Fair Tax. You should check it out, because it honestly doesn't do away with some of the welfare crap that I think ought to be done away with, so it's actually a good compromise for liberals and conservatives and libertarians. Though I sense true libertarians would find it more offensive than most people.
None-the-less, thanks for stopping by and taking the time to comment.
Ps Jan,
I think most politicians don't imagine what they pass will be as disasterous as they turn out to be years later. I just wish they would assume that no matter how good thier intentions are now, anything that interferes is likely to be taken advantage of after they are dead. That's why they should work less and we the people should impose term limits on them. I wish our federal government only met ever other year like our state governement does in Texas (not that TX is perfect, but at least they can only pass screwed up laws once every 2 years)
As always thanks for stopping by...
I feel like I am supporting a large part of the civilized world with my taxes. I will vote for Lola if she can do something about this!
a very informative and cognizable blog it is and one just ponder over his/her tax day.
Good job and Thanks for making it realized to us.
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