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Politically speaking...What does it mean when some say that the "middle income families" act as the "bailout" party in time of crises?

 
Anonymous

Asked by Anonymous at 7:16 PM on Aug. 27, 2009 in Politics & Current Events

This question is closed.
Answers (11)
  • The poor don't pay any taxes? LOL. Explain that,oh wise Lorikeet. Ha.



    Do you get a tax refund? Every cent you get refunded is a cent you DON'T pay in taxes. What is the FINAL amount the IRS keeps from you when you file your tax return? For MANY it is ZERO. Just because taxes get taken out of your check doesn't mean you pay taxes. That is decided when you send in your return.

    I am guessing you are one of those really intelligent people that think anyone making $250,000.00 a year is rich too.
    yourspecialkid

    Answer by yourspecialkid at 11:14 PM on Aug. 27, 2009

  • We are in the majority and we pay the most taxes per capita.
    urkiddingright

    Answer by urkiddingright at 7:17 PM on Aug. 27, 2009

  • Because we get most of the taxes.
    Carpy

    Answer by Carpy at 7:24 PM on Aug. 27, 2009

  • The rich actually pay most of the taxes well top 10 percent of earners pay 80 percent of taxes. Right now we could take every penny from that top 10 percent and still not pay for everything we need to pay for and new programs. So the powers at be will have to tax the middle income to bail the country out.
    Anonymous

    Answer by Anonymous at 7:25 PM on Aug. 27, 2009

  • Anon, that is not true sorry.
    Anonymous

    Answer by Anonymous at 7:38 PM on Aug. 27, 2009

  • You can only tax the rich so much before they A: become middle-class or B: stop creating jobs C: leave the country D: switch political parties. Then the taxes go up on the middle class. The more taxes needed, the more tax burden trickles down to the middle class.
    mancosmomma

    Answer by mancosmomma at 7:41 PM on Aug. 27, 2009

  • The wealthy can afford the taxes (and most of their wealth is not taxable income anyway), and the poor, don't pay any taxes, so it's the middle class (which includes MANY small business owners after calculating overhead and salaries fall into this range) who bears the brunt of tax increases, fines and penalties, as they more often than not cannot afford to do so.

    "The 2008 census reported the medium income as $50,233. The PewResearch Center suggests that the middle income range is 75 percent to 150 percent of the median income. This makes the current middle class income range $37,675 to $75,350. To most, this range seems small and surveys conducted by the PewResearch Center find that many who fall outside this range still consider themselves middle class."
    LoriKeet

    Answer by LoriKeet at 7:52 PM on Aug. 27, 2009

  • The poor don't pay any taxes? LOL. Explain that,oh wise Lorikeet. Ha.
    Anonymous

    Answer by Anonymous at 11:00 PM on Aug. 27, 2009

  • The wealthy can afford the taxes (and most of their wealth is not taxable income anyway), and the poor, don't pay any taxes, so it's the middle class (which includes MANY small business owners after calculating overhead and salaries fall into this range) who bears the brunt of tax increases, fines and penalties, as they more often than not cannot afford to do so.


    THANK YOU!! I am an OVERTAXED small business owner.
    yourspecialkid

    Answer by yourspecialkid at 11:15 PM on Aug. 27, 2009

  • What? You sell candles?
    Anonymous

    Answer by Anonymous at 12:06 AM on Aug. 28, 2009

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