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| Name: |
lotowner
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| Subject: |
Nearly half in US don’t pay income tax
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Date:
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4/8/2010 7:15:04 AM
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From the Decatur Daily
Stephen Ohlemacher
Associated Press Writer
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.
In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.
It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.
The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
“We have 50 percent of people who are getting something for nothing,” said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.
The vast majority of people who escape federal income taxes still pay other taxes, including federal payroll taxes that fund Social Security and Medicare, and excise taxes on gasoline, aviation, alcohol and cigarettes. Many also pay state or local taxes on sales, income and property.
That helps explain the country’s aversion to taxes, said Clint Stretch, a tax policy expert Deloitte Tax. He said many people simply look at the difference between their gross pay and their take-home pay and blame the government for the disparity.
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| Name: |
GoneFishin
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| Subject: |
Thanks To The Other Half
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Date:
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4/8/2010 5:09:09 PM
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Just think where we would be without you generous taxpayers. You should be thankful you have the means to pay taxes. You are the envy of the other half.
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| Name: |
lotowner
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| Subject: |
Thanks To The Other Half
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Date:
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4/8/2010 6:48:06 PM
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Years ago, I worked with an IE from NC State who had polio when he was young. Milt struggled to get around the plant with his crutches. He raised his family and never asked for any special treatment.
By today's standards, he would never have to work; would get housing assistance; free medical care; free drugs; a free cell phone; his children would get free meals at school; and on and on. Yet, he was never on any type of welfare system.
Why was Milt able to be a productive citizen and yet others today are totally dependent on the state for everything? We have created a citizenry of welfare addicts.
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| Name: |
John boy
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| Subject: |
Thanks To The Other Half
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Date:
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4/8/2010 8:21:35 PM
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We are not the eny of the other half ...we are getting laughed at by the other half for being so stupid by working and not playing the system.
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| Name: |
water_watcher
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Good for you GF
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Date:
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4/12/2010 2:00:21 PM
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You finally admitted your envy ... that is a big step in your therapy. Way to go.
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