as a personal example, i got a tax refund last year. therefore, i qualify for the 46-47% who "paid no income tax".
I have never heard/didn't realize that people who paid more than their federal income tax liability and therefore received a refund are included in the oft-repeated stat about "half the country" (or 47%, etc.) not paying income tax. I assumed that was referring to people who after EIC/deduction/etc. had zero or negative tax liability, therefore getting back all they paid or more than they paid, which isn't the same...at all.
If you are from Betelgeuse, please have one of your Earth friends read what I've written before you respond. Or try concentrating harder.
"The trophy problem has become extreme."
"The trophy problem has become extreme."
what does it mean to "pay no federal income tax"?
- 18/09/2012 06:30:28 PM
1173 Views
Wrong
- 18/09/2012 06:37:07 PM
727 Views
Additional categories
- 18/09/2012 06:51:46 PM
852 Views
SS income is very much taxed, my friend
- 18/09/2012 06:59:28 PM
724 Views
Is that true?
- 18/09/2012 06:54:33 PM
745 Views
No, it's not. See my post (you should really have read it first
) *NM*
- 18/09/2012 07:00:07 PM
306 Views
) *NM*
- 18/09/2012 07:00:07 PM
306 Views
Looking at that chart you linked, I have some questions.
- 18/09/2012 07:05:24 PM
703 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
672 Views
Does that mean the correct number is that 27.6%?
- 18/09/2012 07:17:46 PM
709 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well.
- 19/09/2012 05:28:07 AM
715 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
950 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
700 Views
That sort of thing does matter to me
- 18/09/2012 10:48:30 PM
658 Views
Ah, yeah, not so much for me.
- 18/09/2012 11:16:56 PM
634 Views
I am a BIT curious whether he took the IRS amnesty for tax dodging in 2009.
- 18/09/2012 11:32:31 PM
613 Views
As an outside observer ...
- 19/09/2012 01:28:13 AM
696 Views
Re: As an outside observer ...
- 19/09/2012 04:45:11 AM
664 Views
the question of legality has already been covered by the offshore accounts though....
- 19/09/2012 05:44:28 AM
682 Views
Eh, those already exist, if people bothered to look
- 19/09/2012 08:08:35 AM
888 Views
Those are toothless examples, no bite to them and old news so no shock value aspect
- 19/09/2012 08:44:01 AM
623 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
691 Views
I think you got it wrong:
- 19/09/2012 01:52:30 AM
650 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM*
- 19/09/2012 05:18:19 AM
283 Views
Washington Post similar to Anonymous', but shows how many people get each credit.
- 19/09/2012 06:45:08 PM
756 Views
