WillowTree
Diamond Member
- Sep 15, 2008
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- #141
I know who they are. They're the fifty percent who pay ZERO, get rebates on the ZERO and demand MORE. That's who they are.
The Truth About All Those People Who Don
1. According to the Tax Policy Institute, 46% of American households are not expected to pay federal income tax in 2011. Its not 51%, but thats still a pretty big number.
2. Of that 46% (thats roughly 76 million American households), half of them pay no federal income tax due to standard deductions and basic exemptions. In Englishit means theyre poor. Our tax system doesnt tax subsistence level incomes. For example: a married couple making $18,700 a year or less would pay no federal income tax. Its important to note that they still are subject to Social Security and Medicare taxes, either through their wage withholdings or through their self employment taxes on their federal return. Theres a big difference between no federal income taxes and no taxes .
3. That leaves 38 million households that pay no income tax because of special provisions in the tax code.
So what are these special provisions and who is affected by them?
1. 44% of those 38 million households are covered under tax benefits for the elderly. That would include the extra standard deduction for senior citizens and the exclusion of some social security benefits from taxation. (The report also mentions the credit for the elderly, but in reality, I have never, ever prepared a return where someone actually qualified for that credit.)
And the article explains the rest. So you want to bitch about how the extreme poor, elderly who collect social security (isn't that you?), and poor families with kids aren't being taxed?
Like I said Willow, your priorities are screwed. But then again, critical thinking isn't in your vocabulary since Fox News does all your thinking for you.
I can bitch about whatever I choose. I don't care what you think of me. I'm not poor for a reason. The reason is I worked my ass off to make sure i could make it in my retirement years. I think for myself. you make me sick saying "YOU let fox do your thinking for you." Every fucking liberal on this board says the same dame shit, you are nothing but an ignorant left wing parrot.