Just because you received a refund does not mean you have a no income tax or negative income tax. To be counted as the 47% you must receive some sort of direct financial credits or wealth transfers that were greater than your total income taxes paid. Thus things like earned income tax credit, children tax credits, food stamps count but things like medicare spending do not.
what does it mean to "pay no federal income tax"?
18/09/2012 06:30:28 PM
- 960 Views
Wrong
18/09/2012 06:37:07 PM
- 533 Views
Additional categories
18/09/2012 06:51:46 PM
- 624 Views
SS income is very much taxed, my friend
18/09/2012 06:59:28 PM
- 502 Views
Is that true?
18/09/2012 06:54:33 PM
- 547 Views
No, it's not. See my post (you should really have read it first ) *NM*
18/09/2012 07:00:07 PM
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No
18/09/2012 06:56:43 PM
- 524 Views
Looking at that chart you linked, I have some questions.
18/09/2012 07:05:24 PM
- 499 Views
I think the reasoning is that since they go to entitlement programs, it's not entirely a tax.
18/09/2012 10:55:12 PM
- 449 Views
Does that mean the correct number is that 27.6%?
18/09/2012 07:17:46 PM
- 506 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well.
19/09/2012 05:28:07 AM
- 508 Views
If it helps, here's a graph of effective federal tax rate by quintile, all taxes (data from 2007)
19/09/2012 08:30:37 AM
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While we're talking about taxes, am I the only one who doesn't give a rat's ass about Romney's?
18/09/2012 10:37:12 PM
- 486 Views
That sort of thing does matter to me
18/09/2012 10:48:30 PM
- 456 Views
Ah, yeah, not so much for me.
18/09/2012 11:16:56 PM
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I am a BIT curious whether he took the IRS amnesty for tax dodging in 2009.
18/09/2012 11:32:31 PM
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As an outside observer ...
19/09/2012 01:28:13 AM
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Re: As an outside observer ...
19/09/2012 04:45:11 AM
- 455 Views
the question of legality has already been covered by the offshore accounts though....
19/09/2012 05:44:28 AM
- 485 Views
Eh, those already exist, if people bothered to look
19/09/2012 08:08:35 AM
- 650 Views
Those are toothless examples, no bite to them and old news so no shock value aspect
19/09/2012 08:44:01 AM
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The stat is valid, because of tax credits the GOP created/expanded for the overtaxed middle class.
18/09/2012 11:22:13 PM
- 475 Views
I think you got it wrong:
19/09/2012 01:52:30 AM
- 443 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM*
19/09/2012 05:18:19 AM
- 198 Views
Washington Post similar to Anonymous', but shows how many people get each credit.
19/09/2012 06:45:08 PM
- 531 Views