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Well mine came from doing one of my subordinates taxes with him. Its from memory but if you have turbotax its pretty simple. The only difference is that he claimed zero dependents so he could get "a bigger return". I fixed that and told him to keep his money because he's just giving the govt an interest free loan.You're not going to provide a link, are you?
Whatever.
The poorest people in the country should pay no taxes. 0%.
According to Wikipedia, "According to the U.S. Census Bureau, approximately 43.6 million (14.3%) Americans were living in absolute poverty in 2009."
Therefore, my answer is 14.3%.
Why would I provide a link? I asked a question.
Mike
I asked you a question in post #30. I answered your question. Will you answer mine?
LOL...Citizens for Tax Justice really had to massage the data to come up with that mess.
Look at the pretzels they contort to make that math work.
Nice try.
That's it? That's all you have to say?
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Source: http://www.ctj.org/pdf/taxday2009.pdf
In fact, nearly everyone in America pays taxes - including even the poorest people in the country.
Nobody says they pay no Taxes at all, if they do they are mistaken. They pay no FEDERAL INCOME tax. What is withheld they get back in a return. All they pay is FICA and MC and State Income Tax.
It's not a republican Lie, it is a fact that a short Visit to the IRS web site will confirm.
Not all of us pay state income tax.But, then we do pay property tax. Then again states with SIT also charge property tax.
Immie
The real issue is do they pay federal taxes. I could give a damn if somebody in NY is paying a boat load of sales/property taxes. I care if they are paying taxes to the federal government or not. If you are paying taxes in the city you live in then you have a little skin in the game when it comes to how the local government spends your money. It is the same at the state and federal level. If person A lives in Los Angles and person B lives in San Francisco and person A pays state and county taxes while person B pays county taxes but is responsible for no state taxes, then person A is paying for something and person B is the beneficiary. It doesn't matter if person B is paying 30,40,50% of sales tax in his city/county... that's his damn problem because that's his local government that he put in charge. When, however, he goes screaming "I'm paying too much in taxes, person A needs to pay more taxes" that's moronic. Person A isn't benefiting from person B's taxes. That's the same thing with this argument that "50% of people don't pay taxes".
I don't care what you pay in local/state taxes, the question is... do you pay federal taxes? If you make 24k/yr ($2k/month) and you pay 15% in payroll/income/ssi/whatever that is $300/month. At the end of the year you've paid 3600. If at the end of the year you have a wife and a child you're looking at zero tax liability (getting your 3600 back) plus your EIC which is in the neighborhood of 3K plus your making work pay credit $800 plus your child tax credit ($1k) you are looking at getting back 3600 + 3000 + 800 + 1000 or $8400 back. At the end of the year you're getting back almost $5000 that you didn't pay into the system. You need to buy a lot of gas/electricity to tell me that you paid more into the federal government than you got out of it.
Who cares if you paid $6000 in local, city and state taxes... you can't tell me that you need a federal tax break or more rebates, you need to take care of your own local election and stop demanding that I go further into a tax liability to pay for your existence.
Furthermore, I don't care if its 4%, 14% or 40%, its too damn high. Unless you are disabled you should pay taxes.
Mike