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
- 1044 Views
Wrong
18/09/2012 06:37:07 PM
- 606 Views
Additional categories
18/09/2012 06:51:46 PM
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SS income is very much taxed, my friend
18/09/2012 06:59:28 PM
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Is that true?
18/09/2012 06:54:33 PM
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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
- 596 Views
Looking at that chart you linked, I have some questions.
18/09/2012 07:05:24 PM
- 573 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
- 536 Views
Does that mean the correct number is that 27.6%?
18/09/2012 07:17:46 PM
- 583 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well.
19/09/2012 05:28:07 AM
- 579 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
- 557 Views
That sort of thing does matter to me
18/09/2012 10:48:30 PM
- 534 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
- 533 Views
the question of legality has already been covered by the offshore accounts though....
19/09/2012 05:44:28 AM
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Eh, those already exist, if people bothered to look
19/09/2012 08:08:35 AM
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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
- 561 Views
I think you got it wrong:
19/09/2012 01:52:30 AM
- 520 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM*
19/09/2012 05:18:19 AM
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Washington Post similar to Anonymous', but shows how many people get each credit.
19/09/2012 06:45:08 PM
- 609 Views