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
- 962 Views
Wrong
18/09/2012 06:37:07 PM
- 536 Views
Additional categories
18/09/2012 06:51:46 PM
- 626 Views
SS income is very much taxed, my friend
18/09/2012 06:59:28 PM
- 505 Views
Is that true?
18/09/2012 06:54:33 PM
- 550 Views
No, it's not. See my post (you should really have read it first ) *NM*
18/09/2012 07:00:07 PM
- 214 Views
No
18/09/2012 06:56:43 PM
- 527 Views
Looking at that chart you linked, I have some questions.
18/09/2012 07:05:24 PM
- 502 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
- 451 Views
Does that mean the correct number is that 27.6%?
18/09/2012 07:17:46 PM
- 509 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well.
19/09/2012 05:28:07 AM
- 510 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
- 718 Views
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
- 489 Views
That sort of thing does matter to me
18/09/2012 10:48:30 PM
- 459 Views
Ah, yeah, not so much for me.
18/09/2012 11:16:56 PM
- 430 Views
I am a BIT curious whether he took the IRS amnesty for tax dodging in 2009.
18/09/2012 11:32:31 PM
- 413 Views
As an outside observer ...
19/09/2012 01:28:13 AM
- 504 Views
Re: As an outside observer ...
19/09/2012 04:45:11 AM
- 457 Views
the question of legality has already been covered by the offshore accounts though....
19/09/2012 05:44:28 AM
- 487 Views
Eh, those already exist, if people bothered to look
19/09/2012 08:08:35 AM
- 652 Views
Those are toothless examples, no bite to them and old news so no shock value aspect
19/09/2012 08:44:01 AM
- 422 Views
The stat is valid, because of tax credits the GOP created/expanded for the overtaxed middle class.
18/09/2012 11:22:13 PM
- 478 Views
I think you got it wrong:
19/09/2012 01:52:30 AM
- 444 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM*
19/09/2012 05:18:19 AM
- 199 Views
Washington Post similar to Anonymous', but shows how many people get each credit.
19/09/2012 06:45:08 PM
- 534 Views