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Old 09-17-2010, 01:22 PM   #26 (permalink)
Baraka_Guru
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Quote:
Originally Posted by dogzilla View Post
This webpage calculates the percentage of the total number of tax returns, not percentage of the population. The data is a few years old but in line with the 46% quoted this year.

The Tax Foundation - Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million
Based on your same source, the profile of those 40+ million non-payers looks like this:
  • 91% earn less than $19,000 (less than 4% earn more than $40,000)
  • 35% are under 25 years old (likely to be students)
  • 15% are 55+ years old (at least some of them will be retirees or seniors who work part-time)
  • 35% work full time year round (20% work full time less than 50 weeks)
  • 46% are part-time workers (20% of them working less than 13 weeks)

So what you have are people making very little money (a vast majority), half of them being either young or old, and nearly half of them working part-time jobs (a fifth of them working fewer than 3 or so months out of the year).

I'm not all that surprised they aren't paying any income tax. How much should the feds be milking from these people?
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