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45% of American's Pay No Income Tax

 
tradecraft
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02/25/2016 09:53 AM
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45% of American's Pay No Income Tax
Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.

Less than 50%

[link to nypost.com]
People who work for a living are being overwhelmed by people who vote for a living
Anonymous Coward
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02/25/2016 09:56 AM
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Re: 45% of American's Pay No Income Tax
no one works where i live all on welfare food stamps and ssi
tradecraft  (OP)

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02/25/2016 09:56 AM
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Re: 45% of American's Pay No Income Tax
-snip-
Despite the fact that rich people paying little in the way of income taxes makes plenty of headlines, this is the exception to the rule: The top 1 percent of taxpayers pay a higher effective income tax rate than any other group (around 23 percent, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50 percent.
 Quoting: the article


-snip-
People who work for a living are being overwhelmed by people who vote for a living
Anonymous Coward
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02/25/2016 09:57 AM
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Re: 45% of American's Pay No Income Tax
Some are very wealthy with offshore corporations used to avoid taxes legally. Many though are retired or poor.
Anonymous Coward
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02/25/2016 10:02 AM
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Re: 45% of American's Pay No Income Tax
It should be 97.5% !
Mkguyver

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02/25/2016 10:03 AM
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Re: 45% of American's Pay No Income Tax
50% of the U.S. population receive some type of what they believe is entitlement. be it ebt, wic, ss they never paid a dime iinto and more.
Anonymous Coward
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02/25/2016 10:03 AM
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Re: 45% of American's Pay No Income Tax
i heard romney hasnt paid taxes in 10 years.
Bullwinkle
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02/25/2016 10:08 AM
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Re: 45% of American's Pay No Income Tax
Read section 2 and section 4 of IRS manual 6209 and you will find that you do not ow any tax either.
Anonymous Coward
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02/25/2016 10:10 AM
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Re: 45% of American's Pay No Income Tax
Many households are retired and living on social security.
Anonymous Coward
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02/25/2016 10:17 AM
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Re: 45% of American's Pay No Income Tax
How do you tax a population of which is making $8 per hour.. The majority of which are one paycheck from living on the street~? Excise Taxes... That's How.. There are ramifications for having a nation of poor people...
Anonymous Coward
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02/25/2016 10:26 AM
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Re: 45% of American's Pay No Income Tax
Sure the dam freeloaders not paying taxes, even with the top rich paying most of the taxes, the rich still make 100 times more than the poor asshole that doesn't pay taxes and still can't afford luxuries like a place to live or food.
Bugabooboo

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02/25/2016 10:29 AM
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Re: 45% of American's Pay No Income Tax
How do you tax a population of which is making $8 per hour.. The majority of which are one paycheck from living on the street~? Excise Taxes... That's How.. There are ramifications for having a nation of poor people...
 Quoting: Anonymous Coward 69991717


Do you mean an excise tax like what is on cigarettes, gas, and alcohol? I would say they probably pay plenty already!

I don't know what the answer is. One third of my check is gone before I get it, some going to health insurance as well as SS, Medicare, Fed and State income tax.

This is one thing about hiring illegals. They get paid under the table saving the employer 6.5% on SS. The employers are just as guilty as the illegals.
Anonymous Coward
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02/25/2016 10:46 AM
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Re: 45% of American's Pay No Income Tax
A more useful number would be the percent of people who pay no SS tax. And another number would be those who pay no SS tax that are not retired.

You get stuck with SS tax on "earned" income from the start, unlike income tax where the first 10K+ is untaxed. Sometimes much more.

I live a low income lifestyle by choice, so I can do as I wish. I have money that doesn't need spending.
Anonymous Coward
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02/25/2016 10:53 AM
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Re: 45% of American's Pay No Income Tax
Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.

Less than 50%

[link to nypost.com]
 Quoting: tradecraft


as an expat american,i no longer pay taxes..i used to work in california and then left in 2008
Anonymous Coward
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02/25/2016 10:53 AM
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Re: 45% of American's Pay No Income Tax
It is a drop in the bucket compared to what the banks are stealing from us.
Anonymous Coward
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02/25/2016 10:54 AM
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Re: 45% of American's Pay No Income Tax
How do you tax a population of which is making $8 per hour.. The majority of which are one paycheck from living on the street~? Excise Taxes... That's How.. There are ramifications for having a nation of poor people...
 Quoting: Anonymous Coward 69991717


Do you mean an excise tax like what is on cigarettes, gas, and alcohol? I would say they probably pay plenty already!

I don't know what the answer is. One third of my check is gone before I get it, some going to health insurance as well as SS, Medicare, Fed and State income tax.

This is one thing about hiring illegals. They get paid under the table saving the employer 6.5% on SS. The employers are just as guilty as the illegals.
 Quoting: Bugabooboo


That was kinda my point.. The poor are taxed.. Just differently than the wealthy.. I'm self employed and make $120,000 per year.. Quickbooks say's my tax rate~? ie: federal, state, local, fuel, SSI, medicare & mandated fees~? My tax rate is 43% of my income..
Anonymous Coward
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02/25/2016 10:54 AM
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Re: 45% of American's Pay No Income Tax
if everyone would pay its taxes like they should. All general taxes would be much lower.
phillk6751

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02/25/2016 10:57 AM

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Re: 45% of American's Pay No Income Tax
Don't forget about the EIC (Earned Income Credit)...a household making ~25k/yr pays about 2-3k in taxes out of their pay check and get a return of over 5k (more than they paid in taxes throughout the year).
Anonymous Coward
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02/25/2016 10:58 AM
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Re: 45% of American's Pay No Income Tax
It is a drop in the bucket compared to what the banks are stealing from us.
 Quoting: Anonymous Coward 44241749


That's for sure.. The guberment indicates only 5% of white collar theft is prosecuted.. This means~? Banks and Corporations are stealing hundreds of billions every year..
Anonymous Coward
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02/25/2016 11:02 AM
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Re: 45% of American's Pay No Income Tax
They should have worried about who is paying what before they sent all the jobs out of the country. So lets have everyone in those foreign countries that have all the jobs we use to have pay taxes to the U.S.A.!
Anonymous Coward
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02/25/2016 11:07 AM
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Re: 45% of American's Pay No Income Tax
It is a drop in the bucket compared to what the banks are stealing from us.
 Quoting: Anonymous Coward 44241749


That's for sure.. The guberment indicates only 5% of white collar theft is prosecuted.. This means~? Banks and Corporations are stealing hundreds of billions every year..
 Quoting: Anonymous Coward 71548709


make it trillions , let's be honest
I'm not joking
Everyone who should pay income tax must at least file return
and at the same time this person pays unknown number of mandatory taxes / sales ,property, maintenance plus whatever else is taken under threat /
Anonymous Coward
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02/25/2016 11:08 AM
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Re: 45% of American's Pay No Income Tax
45% don't OWE any Federal income tax. How many more owe, but don't pay? That's where the real power of the people lies. That's the number we need to increase.
Anonymous Coward
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02/25/2016 11:09 AM
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Re: 45% of American's Pay No Income Tax
Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.

Less than 50%

[link to nypost.com]
 Quoting: tradecraft


OP

let me ask one question:

Why do you need income tax in first place?

Fedral-state-local govt and number of govt agencies have imposed millions of taxes on people

why to keep income tax alive

the real tax paid by people is more than 70% now

that's why people in USA are so poor,despite getting all wealth
Anonymous Coward
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02/25/2016 11:10 AM
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Re: 45% of American's Pay No Income Tax
Read section 2 and section 4 of IRS manual 6209 and you will find that you do not ow any tax either.
 Quoting: Bullwinkle 71388322


Everyone is considered a legal corporation and taxable until they make a formal declaration stating otherwise. Most people have no clue how to get out of that loop hole and even if they did, you would never be able to work or earn money again because you wouldn't be bondable, and thusly not hireable.
Anonymous Coward
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02/25/2016 11:11 AM
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Re: 45% of American's Pay No Income Tax
This is why we need a FLAT fucking tax. And get rid of the IRS.
Anonymous Coward
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02/25/2016 11:17 AM
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Re: 45% of American's Pay No Income Tax
This is why we need a FLAT fucking tax. And get rid of the IRS.
 Quoting: Anonymous Coward 43411902


Amen~!! This is the solution.. The rich will never allow it.. But, It's the solution..
777organic777

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02/25/2016 11:18 AM
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Re: 45% of American's Pay No Income Tax
Obama Care is the TAX... they will all pay one way or another!
Anonymous Coward
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Costa Rica
02/25/2016 11:20 AM
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Re: 45% of American's Pay No Income Tax
Fund my destruction??? Not today, not yesterday, and hopefully not ever!


Nil Carborundum Illegitimus
Anonymous Coward
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02/25/2016 11:21 AM
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Re: 45% of American's Pay No Income Tax
Because they barely make enough money to survive.
Anonymous Coward
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02/25/2016 11:21 AM
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Re: 45% of American's Pay No Income Tax
It's called being broke.
Believe me, all the people paying taxes are much better off than those not paying taxes cause they're making a lot more money.
PACNWGUY-01

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02/25/2016 11:21 AM
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Re: 45% of American's Pay No Income Tax
I like the value added tax best for Federal Income taxes.

No State income tax in Washington. WA has a 8.5% sales tax and that seems to do the trick.
There will be a time in the not so distant future when they will hunt Liberals with DOGS.

Democrats vote for what benefits them while Republicans vote for what benefits the country.





GLP