Happy Tax Day!

[BGIF]

According to a Rasmussen poll, 66% of Americans feel they pay too much taxes.

47% of U.S. households pay no Federal income taxes.

Nearly half of US households escape fed income tax - Yahoo! Finance

Tax cuts enacted in the past decade have been generous to wealthy taxpayers, too, making them a target for President <?XML:NAMESPACE PREFIX = YGG /><YGG:ENTITY id=t1 ref="#LPaY8xjr3BG13Jl9XWfsEA">Barack Obama</YGG:ENTITY> and Democrats in Congress. Less noticed were tax cuts for low- and middle-income families, which were expanded when Obama signed the massive economic recovery package last year.
The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners -- households making an average of $366,400 in 2006 -- paid about 73 percent of the income taxes collected by the federal government.
The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

...

The number of households that don't pay federal income taxes increased substantially in 2008, when the poor economy reduced incomes and Congress cut taxes in an attempt to help recovery.
In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.
In 2008, President <YGG:ENTITY id=t2 ref="#kOOh8xjr3BG13Jl9XWfsEA">George W. Bush</YGG:ENTITY> signed a law providing most families with rebate checks of $300 to $1,200. Last year, Obama signed the economic recovery law that expanded some tax credits and created others. Most targeted low- and middle-income families

 

[IrishInFl]

Whatever. I did my taxes a month ago.

 

[Junkhead]

My tax return was spent over a month ago.

 

[ACamp1900]

saw a study the other day that said to cover the current budget every single American would have to pay 70% plus of their yearly earnings without any returns.......