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That is correct - some folks have such negative income taxes, it offsets payroll as well. Anonymous2000 Send a noteboard - 19/09/2012 05:28:07 AM
But once again, 47% do not pay any federal income taxes, which is ridiculous. We can't have half the country footing the bill for the other half. That's dangerous and doomed to failure.
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what does it mean to "pay no federal income tax"? moondog - 18/09/2012 06:30:28 PM 1054 Views
Wrong Dark Knight - 18/09/2012 06:37:07 PM 617 Views
Additional categories Jragghen - 18/09/2012 06:51:46 PM 724 Views
SS income is very much taxed, my friend Dark Knight - 18/09/2012 06:59:28 PM 595 Views
Re: SS income is very much taxed, my friend Jragghen - 18/09/2012 07:22:35 PM 587 Views
The wealthy get their income from investments Dark Knight - 18/09/2012 07:33:55 PM 658 Views
ok moondog - 19/09/2012 05:46:49 AM 691 Views
Is that true? Sareitha Sedai - 18/09/2012 06:54:33 PM 633 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 249 Views
No Roland00 - 18/09/2012 06:56:43 PM 611 Views
Looking at that chart you linked, I have some questions. Nate - 18/09/2012 07:05:24 PM 579 Views
Payroll taxes are for Social Security and Medicare/Medicaid Dark Knight - 18/09/2012 07:11:57 PM 574 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 547 Views
Does that mean the correct number is that 27.6%? Legolas - 18/09/2012 07:17:46 PM 591 Views
That is correct - some folks have such negative income taxes, it offsets payroll as well. Anonymous2000 - 19/09/2012 05:28:07 AM 594 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 815 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 567 Views
That sort of thing does matter to me snoopcester - 18/09/2012 10:48:30 PM 544 Views
Ah, yeah, not so much for me. nossy - 18/09/2012 11:16:56 PM 518 Views
You gave that away with your first post snoopcester - 18/09/2012 11:49:28 PM 510 Views
No way! nossy - 19/09/2012 01:41:04 PM 537 Views
Yuh huh! snoopcester - 19/09/2012 08:56:01 PM 562 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 495 Views
As an outside observer ... Nate - 19/09/2012 01:28:13 AM 589 Views
Re: As an outside observer ... Isaac - 19/09/2012 04:45:11 AM 543 Views
the question of legality has already been covered by the offshore accounts though.... moondog - 19/09/2012 05:44:28 AM 563 Views
Different situation then the Birther stuff Isaac - 19/09/2012 07:02:09 AM 518 Views
Eh, those already exist, if people bothered to look Jragghen - 19/09/2012 08:08:35 AM 743 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 504 Views
It's a conflict of interest. Aeryn - 21/09/2012 09:52:58 PM 519 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 569 Views
I think you got it wrong: Narg - 19/09/2012 01:52:30 AM 531 Views
+1 - you are correct, moondog screwed the pooch with this post. *NM* Anonymous2000 - 19/09/2012 05:18:19 AM 233 Views
Easier to read/understand - WSJ data on the 47% Anonymous2000 - 19/09/2012 05:25:01 AM 685 Views
Washington Post similar to Anonymous', but shows how many people get each credit. Joel - 19/09/2012 06:45:08 PM 624 Views
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