Are you a payer or a payee? Or are you both?
As the tax bill looms in conference and is being formulated into one bill to be sent to the president, we hear a lot of information about the bill. Most of what we hear from the left side is scare tactics and divisive rhetoric, about how us regular people will pay more in taxes and the rich will get big tax breaks, about how it will increase the gap between the rich and the poor, about how it will decimate Medicare and Medicaid, and on and on. Nancy Pelosi called it Armageddon, as if she, with her more than 115 million dollar net worth has any understanding of what such Armageddon would be.
Most of what we hear from the right side is about how it will stimulate fiscal growth and corporate growth, put people back to work again, put more money in the pockets of us regular people who have been paying taxes, repatriate a lot of cash that is overseas which will in turn help corporations to invest in themselves and grow, thus employing more people, not touch Medicare or Medicaid, and on and on.
Somewhere in between the left side’s rhetoric and the right side’s selling points is something getting toward truth.
Remember balance? The first rule of real research aimed at truth is balance, an honest look for and appraisal of the bonafide research about the issue.
So which shoes do you wear and what do you want to believe?
If you are a payee, and have mostly been a payee, and if you have no real incentive to be anything other than a payee, you can choose to believe the left’s point of view and sit on your sofa and feel angry about those who will maybe pay less and are richer than you while those others go out to work to pay for your benefits. And you can choose to believe the left’s divisive talk about how the rich get richer, which is actually true, while they neglect to tell you that the rich actually work for their riches and employ most of us regular people who make regular wages, which is also true.
If you are a payer, a tax payer, someone who’s been wondering for a long time how come the government takes a good chunk of your modest income and then the state and city governments come along and take another good chunk of your modest income, you might tend to believe what the right’s selling points are trying to show you, that you might have to pay a little less, which, since you are paying for everything for everyone who is a payee, doesn’t seem like a bad thing at all.
So there are some facts out there, that are really facts that give some indication as to what’s actually going on here and what is political BS. who pays taxes latest Federal tax data
The top one percent (1%) of Americans pay forty-three percent (43%) of the Federal taxes. Forty-five percent (45%)of the people pay no federal taxes at all. Those of us at different levels in between pay the rest. The two links show slightly different percentages and so you can see what’s close to real.
Once again, you can cut and paste onto your Facebook page the misleading headline bullet-list points of either side, left or right, and thus be part of the left’s divisive, fear-mongering rhetoric or part of the right’s economic selling points, true or not.
But if you’re one of the ones who pay nothing, receive everything and have no skin in the game, it seems like you should really stay pretty quiet. And if you are one of ones who are giving a chunk of your pension and Social Security to the government to pay for those who pay nothing, then it seems like you really ought to find out what is real and accurate and support that.
Which shoes do you wear?
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