45% of households pay no federal income tax

Discussion in 'Politics' started by Chris, Apr 17, 2011.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    NEW YORK (CNNMoney.com) -- The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done.

    But like most statistics, it is often misunderstood -- and, in the case of those trying to stir political outrage, misrepresented.

    For tax year 2010, roughly 45% of households, or about 69 million, will end up owing nothing in federal income tax, according to estimates by the nonpartisan Tax Policy Center. Some in that group will even end up getting paid money from the federal government.

    45% of households owe no federal income tax for 2010 - Apr. 17, 2011
     
  2. martybegan
    Online

    martybegan Gold Member

    Joined:
    Apr 5, 2010
    Messages:
    29,490
    Thanks Received:
    4,017
    Trophy Points:
    290
    Ratings:
    +11,042
    The standard progressive response is that these people still pay at least FICA, as well as state sales taxes, maybe local income taxes, and all those annoying little taxes and fees built into the tasks and puchases of our daily lives. This may be true, but the fact stated above still stands.
     
  3. zzzz
    Offline

    zzzz Just a regular American

    Joined:
    Jul 24, 2010
    Messages:
    3,072
    Thanks Received:
    422
    Trophy Points:
    98
    Location:
    Yountsville
    Ratings:
    +429
    Yes and those 63 million lower income people spend that money they don't have to send to Washington on food, clothes and other products sustaining the economy. Those 4.5 million upper income people spend money too but 63 million people spend a lot more on needs than 4.5 million.
     
  4. VaYank5150
    Offline

    VaYank5150 Gold Member

    Joined:
    Aug 3, 2009
    Messages:
    11,779
    Thanks Received:
    1,047
    Trophy Points:
    138
    Location:
    Virginia
    Ratings:
    +1,055
    From the link:

    Hmmmmmmmmmm
     
  5. anuthervoice
    Offline

    anuthervoice pining for the fjords

    Joined:
    Jan 6, 2011
    Messages:
    160
    Thanks Received:
    21
    Trophy Points:
    16
    Location:
    next to the mexicos
    Ratings:
    +21


    :lol:
     
  6. Liberty
    Offline

    Liberty Silver Member

    Joined:
    Jul 8, 2009
    Messages:
    4,058
    Thanks Received:
    548
    Trophy Points:
    98
    Location:
    colorado
    Ratings:
    +548
    and 47% of people want to redistribute wealth. I think there's a connection.
     
  7. Harry Dresden
    Online

    Harry Dresden Latinum, Plantinum,Silver,Gold Member Supporting Member

    Joined:
    Dec 15, 2008
    Messages:
    52,059
    Thanks Received:
    6,958
    Trophy Points:
    1,860
    Location:
    Nv.
    Ratings:
    +13,676
    why?.....do they eat more and buy more clothes than rich people?......i bet if you checked those 4.5 mill spend more money than those 63 mill.....i could be wrong.....but a whole bunch of high end items (other products) ups the riches spending quite a bit.....just sayin.....
     
    • Thank You! Thank You! x 1
    Last edited: Apr 18, 2011
  8. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    The rest of the populace has to pay those taxes as well...
     
    • Thank You! Thank You! x 1
  9. DiamondDave
    Offline

    DiamondDave Army Vet

    Joined:
    Jun 30, 2008
    Messages:
    18,169
    Thanks Received:
    2,812
    Trophy Points:
    183
    Location:
    MD, on the Potomac River
    Ratings:
    +2,816
    So???

    Does that mean REPs or Conservatives suddenly crumble?? No.. Sorry... Did not agree with Bush's policies on that at all, just like I did not agree with most of his fiscal policy
     
  10. VaYank5150
    Offline

    VaYank5150 Gold Member

    Joined:
    Aug 3, 2009
    Messages:
    11,779
    Thanks Received:
    1,047
    Trophy Points:
    138
    Location:
    Virginia
    Ratings:
    +1,055
    Just trying to figure out how the new conservative GOP plans to play both sides of this fence. They want more people to pay taxes, yet insisted on extending Bush's tax cuts?
     

Share This Page