About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.
Perhaps this could be a good source of revenue to pay for the FREE MEDICAL CARE these people are going to be getting soon. Forget the medical care comment that was a cheap shot. How about just making everyone pay taxes? You earn, you pay. When these lower income workers go on Social Security and Medicaid they haven't paid any taxes so its just an entitlement. To counter balance that, if you are in the top 1% of earners in the USA you shouldn't be eligible for Social Security and Medicaid. I also believe you should pay those taxes but that's probably going to far.
And on the heals of this little gem you have some fun new coming out of the White House.
A value-added tax is a national sales tax that, like state and city sales taxes, would be collected by retailers.
The value-added tax suggestion was immediately met with outrage by Republicans.
"It shouldn't surprise anyone that the Obama White House would advocate a European-style tax to help finance their European-style government health-care plan," said Brian Walsh, a spokesman for the National Republican Senatorial Campaign Committee.
Click here for more on this story from the New York Post.
There you have it...a way to pay for all the spending. If only we could do something to keep them from over spending in the future....Hmmmmmmm.