Quote:
Originally Posted by Baraka_Guru
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? |
You shouldn't be surprised by the numbers. But one thing to think about is those tax rates, schedules and % is most of them are a direct result of the Bush Jr. tax cuts that Conservatives love so much. Another thing to consider is it's basically a not factual to say 30, 40 or even 50% of people don't pay taxes. Because the source and the number provided in it are only looking at income tax. When the CBO released a
study of analyzed total effective federal tax rates by income, and comes up with the following "Effective fed tax rates"-
Lowest 20 percent………$15,900 ……………………4.3 percent
Second 20 percent…….. $37,400…………………… 9.9 percent
Middle 20 percent……….$58,500………………….. 14.2 percent
Fourth 20 percent……….,$85,200………………….. 17.4 percent
Top 20 percent…………..$231.300…………………..25.5 percent
Top 1 percent…………..$1,558,500………………….31.2 percent
These numbers include things like gas taxes, fees, etc...
So who's paying 0% in fed taxes? Pretty much no one, but it's a good lie and it gets the base fired up.