San Diego Housing Market News and Analysis
Good fact based WSJ article on who pays taxes in America
User Forum Topic
Submitted by ctr70 on August 7, 2012 - 7:37am
I don't know WTF people can constantly say "the rich aren't paying their share" when 5% of tax payers in the U.S. pay 40% of all the income taxes, the bottom 40% paid 5.9% of all income taxes, and 46% of households didn't pay ANY income taxes. But a lot of those 46% who paid NO income taxes, have no trouble voting to tax the "rich". Of course not, they don't have to pay sh#t, why not? And what's considered "rich" is such a joke, $200,000 a year with kids in Coastal CA is barely freaking middle class.
You continue to get punished for financial prosperity, hard work & putting your nose to the grindstone... you get to carry the tax burden for the whole county, you don't get to contribute to a Roth IRA, if you pay your mortgage on time you don't get any of the goodies the deadbeats get like loan mods, principle reductions, free rent squatting in your house for 3+ years, you don't get to take the loss on rentals over $150k in AGI, etc.... and it goes on and on an on.
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