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Originally Posted by jms62
interesting article even more interesting is to hear rationalizations from people as they vote against their own self interests. According to this it is not ok to pay no taxes because your income - legal deductions don't meet the minimum standards for taxation however it is pefectly fine to EVADE taxes by stashing your cash in the Caymans.
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yep. all too often, people go for the overly simplistic. the easy thing is to say 'half don't pay taxes'...but that isn't close to the whole story. do some pay less or no fed tax? yes, they do. but many still pay ss, medicare (which technically goes to the same big pot with a huge hole in it) property taxes, etc. then there's what the article says, many of that 47% are on social security-they're retirees who paid into the system and now are reaping the fruits of their labor.
thing is, what mitt said wasn't meant for public consumption-it was only meant for the fat cats at that fundraiser. and i feel comments like that are far more telling than the practiced phrases you hear when they know the microphone is on.
what got me is when i read that some of the very rich also paid no federal income tax-now, that's mindboggling.