HoosierJoe
A Plain Old Hoosier Boy.
Surprise! Who's not paying federal income tax?
By Todd Spangler, Detroit Free Press
Updated 10/12/2011 12:11 PM
WASHINGTON Amid complaints that nearly half of tax filers in the U.S. won't pay federal income taxes this year, this has been lost: Those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes.
EDIT: COPYRIGHTED MATERIAL - SEE THE LINK TO THE STORY: Who's not paying federal income tax?
It isn't always the "poor" who don't pay. Not paying is a poor term anyway. Many pay in but get it back when they file. And everyone who works pays FICA and Medicare. But, still, a huge % pay little or no federal income tax and in fact many get back more than paid in.
Personally, I am for this huge percent paying something like the rest of us have to.
By Todd Spangler, Detroit Free Press
Updated 10/12/2011 12:11 PM
WASHINGTON Amid complaints that nearly half of tax filers in the U.S. won't pay federal income taxes this year, this has been lost: Those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes.
EDIT: COPYRIGHTED MATERIAL - SEE THE LINK TO THE STORY: Who's not paying federal income tax?
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It isn't always the "poor" who don't pay. Not paying is a poor term anyway. Many pay in but get it back when they file. And everyone who works pays FICA and Medicare. But, still, a huge % pay little or no federal income tax and in fact many get back more than paid in.
Personally, I am for this huge percent paying something like the rest of us have to.