Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Report: 51% Pay No Federal Income Tax

Details

  • Description

    Radio Host Neal Boortz on why everyone should pay their fair share of federal income taxes.

  • Duration 6:46
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- tackle -- the most startling reality check of all our fixed number three.

Get an agreement every wanted to gain by making sure everyone has skin in the game.

I -- -- before I'll say it again we can bicker over who pays.

And how much.

But we can't proceed until everyone pays something.

I don't care how much and right now more than half of American households.

Don't pay any income taxes and all.

As it's time to -- the bell I don't say necessary equally but you play you -- Something anything.

It's the only what we can get this country move it radio talk tell us your sports agrees he joins us on the phone -- Neil good to have you on.

I did look what we and moved -- things like your -- terror attacks and these are things we have to do.

Agreed that half the country can't -- -- and half out.

Well it exactly right away I'm I'm Lisa are you can't see absolutely gorgeous I look at shouldn't theft that path so you know it.

-- -- Naples studio I mean do.

What is the deal what that it's a very you know CC area to -- not that plugs -- -- -- walls at an address our.

I don't know but anyway.

Did the last loves to talk about the evil rich not paying their fair share gosh how many times did you hear their fair share.

How about perhaps for the people in this country that pay no share.

What so ever in -- exactly right -- I just if they don't have any skin in the game people matching the -- processes that -- to undermine the -- step up to the polls next November.

You're exactly right I -- you get -- holding group of voters.

Who is.

Feel entitled and and rewarding and -- are or -- but my bigger concern.

Is that like you -- you don't have skin in the game.

Why don't would you be interested in changing and it's sort of like give you go out in a group like you're -- -- -- and and you're treating.

Aren't I -- -- in order to appetizers.

The most expensive thing on the menu at least a couple of desserts and the finest wine I'd get my compliments -- Because I don't have to where meals tank.

Exactly so.

Exactly if you don't have to see somebody else's pain and -- strange arm.

You have to make sure it stays that way so we do go out there and you vote for the candidate.

It told you -- If you vote for those people.

Very dramatic -- didn't come tracks all -- no I don't want that happening to me so you keep the people that created this system in power.

And we -- just gets worse with every passing year.

You don't I was right read a statistic about 200 don't have a dead when non LBJ came up -- Medicare whatever 65 to 66.

We did this was not nearly to phenomenon was today that close to.

80%.

Of Americans were -- income taxes of one sort or another.

So something has gone.

Seriously I'm -- and some people say well you know you're not addressing.

Fight to taxes and payroll tax about the point of the matter it is that wind when more and more are out of -- of this sort of the business of government outside of being receivers.

Of government largesse.

You don't really quibble over the expense of that -- you know.

No you don't end either way the big payroll taxes by gonna end and Medicare taxes.

The people who are not paying income taxes are getting these hideous.

We portable tax credits assembled them many of them get so much money in tax credits -- from the government.

Didn't wipes out.

Any Social Security taxes or Medicare -- are paying.

They are absolutely.

On a free ride and they won't they won't take the politician that cable met free ride and nurture them.

-- -- -- -- -- Well that's what you get attacked on the left of the terror attacks -- you know it is essentially at the bill -- -- Oxford that you could explains what but I guess.

But but they -- well that -- Not progress than that.

That screws the little guy.

Responds it's of that.

Well a surtax.

On you don't wanna going to be long explanation but just -- the most thoroughly researched piece of legislation.

Ever placed before the congress of the United States but that fatal flaw may be.

That it takes power away from the government.

And give respect power to the people I think there are who want to -- is.

Lobbyist in Washington DC.

That will go without -- half million dollar paychecks there are politicians in Washington DC bill won't have lobbyists' money to fund their next reelection campaign.

At that point -- that that that the lower today dart's -- of the deplore you know.

And of getting disproportionately.

Socked by this how do you ransom.

Well look.

The lowest that -- everybody -- let's just talk about the lower end.

They don't pay any income taxes they don't pay any payroll taxes they do paid a fair tax when they buy something.

Whatever their -- isn't gonna -- and more than it's costing them well right now plus and here's the cherry on their lovely little Sunday.

They get a check every month from the government.

Equal to the amount of consumption tax that there are -- on the basic necessities like -- For a complete a four -- about 460.

Dollars so you take these people the pour -- pitiful poor.

And you say look they're not gonna pay any taxes to the federal government at all not a everything you buy is gonna cost the same as it does right now plus we're gonna give -- 460 bucks every month.

Just to cover -- -- a consumption tax on your basic necessities.

Tell me what part of that plan you don't want.

Well there's a lot to -- and a lot that it's very intriguing and it ended.

It makes so much sense its needs is not gonna go anywhere.

But I always so people are dead set against it -- we could do worse with -- tax system memory serves and where we already are.

Some you don't always good seeing you even a still image up.

On well.

I'm gonna I wanna take and a cell phone picture.

And I want to spend it to you right now also you can short to the worst book for the short -- -- well just be careful.

Certain congressman tried that it goes.

What I mean look I don't wanna go to I don't wanna go alright a -- always good seeing you hearing you my friend be well.

-- -- -- --

Load More