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Wrong Dark Knight Send a noteboard - 18/09/2012 06:37:07 PM
47% of Americans pay no income tax. You read it right the first time. That is to say, they are refunded ALL of the tax they paid in, and some even get MORE than they paid, due to earned income credit or child credits.
Formerly Mat Bloody Cauthon on Wotmania, blessed be its name
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what does it mean to "pay no federal income tax"? moondog - 18/09/2012 06:30:28 PM 1034 Views
Wrong Dark Knight - 18/09/2012 06:37:07 PM 597 Views
Additional categories Jragghen - 18/09/2012 06:51:46 PM 700 Views
SS income is very much taxed, my friend Dark Knight - 18/09/2012 06:59:28 PM 574 Views
Re: SS income is very much taxed, my friend Jragghen - 18/09/2012 07:22:35 PM 563 Views
The wealthy get their income from investments Dark Knight - 18/09/2012 07:33:55 PM 640 Views
ok moondog - 19/09/2012 05:46:49 AM 672 Views
Is that true? Sareitha Sedai - 18/09/2012 06:54:33 PM 613 Views
No, it's not. See my post (you should really have read it first ) *NM* Dark Knight - 18/09/2012 07:00:07 PM 240 Views
No Roland00 - 18/09/2012 06:56:43 PM 589 Views
Looking at that chart you linked, I have some questions. Nate - 18/09/2012 07:05:24 PM 560 Views
Payroll taxes are for Social Security and Medicare/Medicaid Dark Knight - 18/09/2012 07:11:57 PM 551 Views
I think the reasoning is that since they go to entitlement programs, it's not entirely a tax. Tom - 18/09/2012 10:55:12 PM 523 Views
Does that mean the correct number is that 27.6%? Legolas - 18/09/2012 07:17:46 PM 569 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well. Anonymous2000 - 19/09/2012 05:28:07 AM 572 Views
If it helps, here's a graph of effective federal tax rate by quintile, all taxes (data from 2007) Jragghen - 19/09/2012 08:30:37 AM 792 Views
While we're talking about taxes, am I the only one who doesn't give a rat's ass about Romney's? nossy - 18/09/2012 10:37:12 PM 549 Views
That sort of thing does matter to me snoopcester - 18/09/2012 10:48:30 PM 526 Views
Ah, yeah, not so much for me. nossy - 18/09/2012 11:16:56 PM 495 Views
You gave that away with your first post snoopcester - 18/09/2012 11:49:28 PM 488 Views
No way! nossy - 19/09/2012 01:41:04 PM 515 Views
Yuh huh! snoopcester - 19/09/2012 08:56:01 PM 544 Views
I am a BIT curious whether he took the IRS amnesty for tax dodging in 2009. Joel - 18/09/2012 11:32:31 PM 471 Views
As an outside observer ... Nate - 19/09/2012 01:28:13 AM 568 Views
Re: As an outside observer ... Isaac - 19/09/2012 04:45:11 AM 522 Views
the question of legality has already been covered by the offshore accounts though.... moondog - 19/09/2012 05:44:28 AM 545 Views
Different situation then the Birther stuff Isaac - 19/09/2012 07:02:09 AM 495 Views
Eh, those already exist, if people bothered to look Jragghen - 19/09/2012 08:08:35 AM 723 Views
Those are toothless examples, no bite to them and old news so no shock value aspect Isaac - 19/09/2012 08:44:01 AM 483 Views
It's a conflict of interest. Aeryn - 21/09/2012 09:52:58 PM 495 Views
The stat is valid, because of tax credits the GOP created/expanded for the overtaxed middle class. Joel - 18/09/2012 11:22:13 PM 551 Views
I think you got it wrong: Narg - 19/09/2012 01:52:30 AM 513 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM* Anonymous2000 - 19/09/2012 05:18:19 AM 226 Views
Easier to read/understand - WSJ data on the 47% Anonymous2000 - 19/09/2012 05:25:01 AM 662 Views
Washington Post similar to Anonymous', but shows how many people get each credit. Joel - 19/09/2012 06:45:08 PM 601 Views
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