47% of Households Don't Pay Federal Income Taxes

[Guest]

If 47% of households don't pay Federal Income Taxes and some of them in fact get tax credits, who is carrying the tax burden?

If 47% don't pay taxes, what percentage of them do you suppose wouldn't mind and in fact support massive tax increases to fund the mother of all health care plans in the works?

http://money.cnn.com/2009/09/30/pf/taxes/who_pays_taxes/index.htm?section=money_pf_taxes

[Guest]

The Democrats who are taxpayers will vote for massive taxes if their leaders tell them to AND as long as the Republicans are against it.

[Guest]

Whatever the percentage is that believes what can the government do for me today. Dare I say mostly on the liberal side of the house.

[Guest]

These numbers are alarming. I am upset that people that do not work get upwards of $8000 tax credits. What the hay is going on in this country ?

[Guest]

federal income taxes and who does and does not pay taxes is presented. It some how NEVER develops into an issue that needs CHANGE. The distortion at the top end is even more disconcerting. Take a look at these charts for a revelation (to some):

http://www.ntu.org/main/page.php?PageID=6

And how a bout a wild guesstimate of what bracket most of the entitlement crowd belongs...the ones with the "you owe me" hand in front of them. And how about those middle class folks who are supposedly being hurt by "everything"....they sure don't pay their share of the tax burden.

Talk about something in Washington that needs change!!! Unfortunately it is a subject that does nothing for the incumbent politicians and would be unattractive to their voting constituency. Hence...NOTHING will ever be done about the extreme distortion.

The other distortion that is revealed every once in a while are the US Corporations that are paying zero taxes by working the legal loop holes that allow it. The amount untaxed is staggering.

Then add to all the above all the non US corporations that pay zero taxes based on the laws that allow them to do so.

So when the mealy mouthed, linguine spined politicians in Washington start making noises about tax increases...maybe WE THE PEOPLE will rise up and say enough is enough.

If I remember correctly, when taxes are raised by one party or the other, the other party has to pay also. Wow a truly bipartisan issue....a real one. With real results to be obtained.

btk

[Guest]

When looking at this just a little further....

From the article...

The vast majority of households making up to $30,000 fall into the category, as do nearly half of all households making between $30,000 and $40,000.

As you move up the income scale the percentages drop.

Nearly 22% of those making between $50,000 and $75,000 end up with no federal income tax liability or negative liability as do 9% of households with incomes between $75,000 and $100,000.

I couldn't even think of trying to make it on $30,000 - 40,000 per year. And these numbers could be for a family. These people are at the poverty level.

But my father always used to say:

You can't get blood out of a stone.....

[Guest]

I couldn't even think of trying to make it on $30,000 - 40,000 per year. And these numbers could be for a family. These people are at the poverty level.

These people are not at the poverty level. My wife and I never made over $40,00 a year, raised my two stepsons, payed child support for my two sons, payed off our mortgage at 49 years old and have bought a new car this year, and pay taxes. We did it with hard work, being frugal and buying what we needed, not what we wanted.

It's not how much one makes, but how one manages their money. People that have to have it all and have it now, like so many in our country, cry about what they don't have but overlook what they do have.

Maybe one couldn't live for $40K in Chicago, but in this country one is free to pursue their dream anywhere. There is no Constitutional right to have the income of our choice, live where one can't afford, afford what one doesn't earn. You get out of life what you put into it. Freedom of OPPORTUNITY is what we have, NOT rights of result. Just because people for whatever the reason, lack effort, intelligence, abilities, don't have what others have, gives them no right to live off of the taxes of others.

[Guest]

These people are not at the poverty level. My wife and I never made over $40,00 a year, raised my two stepsons, payed child support for my two sons, payed off our mortgage at 49 years old and have bought a new car this year, and pay taxes. We did it with hard work, being frugal and buying what we needed, not what we wanted.

It's not how much one makes, but how one manages their money. People that have to have it all and have it now, like so many in our country, cry about what they don't have but overlook what they do have.

Maybe one couldn't live for $40K in Chicago, but in this country one is free to pursue their dream anywhere. There is no Constitutional right to have the income of our choice, live where one can't afford, afford what one doesn't earn. You get out of life what you put into it. Freedom of OPPORTUNITY is what we have, NOT rights of result. Just because people for whatever the reason, lack effort, intelligence, abilities, don't have what others have, gives them no right to live off of the taxes of others.

Great Post!!! And truer words have never been spoken!

[Guest]

These people are not at the poverty level. My wife and I never made over $40,00 a year, raised my two stepsons, payed child support for my two sons, payed off our mortgage at 49 years old and have bought a new car this year, and pay taxes. We did it with hard work, being frugal and buying what we needed, not what we wanted.

It's not how much one makes, but how one manages their money. People that have to have it all and have it now, like so many in our country, cry about what they don't have but overlook what they do have.

Maybe one couldn't live for $40K in Chicago, but in this country one is free to pursue their dream anywhere. There is no Constitutional right to have the income of our choice, live where one can't afford, afford what one doesn't earn. You get out of life what you put into it. Freedom of OPPORTUNITY is what we have, NOT rights of result. Just because people for whatever the reason, lack effort, intelligence, abilities, don't have what others have, gives them no right to live off of the taxes of others.

GNU...with all due respect...

If one followed the link then this should have caught your attention:

The vast majority of households making up to $30,000 fall into the category, as do nearly half of all households making between $30,000 and $40,000. So the vast majority of the 47% make less than $30,000.

The Earned Income Tax Credit is supposed to offset Payroll Taxes for low wage workers. The maximum tax credit for 2008 for a household with 3 children is $5657. The poverty level by federal guidelines for a family of 4 is $21,200 in the 48 state Hawaii and Alaska are higher. Chicago is not called out. Currently 16% of the population is at the poverty level or below.

For a family living at the poverty level I could image it might be hard to call the moving company due to lack of funds. 4 years ago 2 Men and a Truck, the lost cost guys, moved my household across town. The bill was $2000.00.


Here is a link on the Earned Income Tax Credit:

http://en.wikipedia.org/wiki/Earned_income_tax_credit

The poverty numbers come from the Census.

http://en.wikipedia.org/wiki/Earned_income_tax_credit

[Guest]

[QUOTE=cologal;227914]GNU...with all due respect...

Thank you.

I just responded to your remark saying that you couldn't live on a $40K income. I showed that it can be done, without the tax credit. We owned a two family, worked our buts off to fix the old dump and because of the rental income didn't qualify foe the tax credit.

People come to America from all over the globe and manage to rise above the poverty level. One CAN relocate, not only within our country but from outside this country, if there is a strong enough will. Sadly the will is not there for too many people.