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LiberalFighter

(53,544 posts)
13. But the premise of that argument is wrong.
Mon Sep 17, 2012, 07:24 PM
Sep 2012

Show me one person that has all of their income taxed. There aren't any.

The rich has more income that is not taxed than the poor has in total income. At a minimum, the rich have the same same exemptions that those 47% "poor". While most filers will take the standard deduction the rich will itemize their deductions so they have more of their income exempt from taxes. On average a household with $200k of income has $64k of itemized deductions. I have no sympathy for any rich person that complains about taxes being too high and thinking the lower income people should "pay" taxes. Again, they already have more itemized deductions than most of those 47% have in gross income.

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