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Topic:
Nearly 50% of Americans pay no income tax.
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Szerek
Posts: 338
Registered: 2000-8-8 09:26:09
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Can someone please tell me who these Americans are that pay no income tax?
I just did my daughters taxes. She made just over 10k last year. Her effective tax rate was 1.25%. She didn't pay much, but she did pay SOME income taxes. So, who are these nearly 50% who don't pay income taxes? Are they trying to tell us that nearly 50% of Americans make less than $10,000 a year? Or are there a large number of people from specific income ranges / age brackets, who are getting free rides? My daughter is 20 and made just over 10k last year and paid income taxes.
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Ashmaele
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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I read somewhere that like ~22% of those people are retired and on Social Security. Another pretty substantial percentage lives below the poverty level so they pay 0% effective rates.
If your daughter had a kid she'd be one of those folks.
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Married people with household income below about 45k and multiple kids. Also, old people with no significant income besides social security. And kids. Add those three groups together and you get about 50%.
The number is deliberately misleading. The percentage of WORKING people who pay no income taxes is not that high. But only about 60% of Americans work. The 40% who don't are much more likely to not pay income taxes.
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Scarne
Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Is your daughter still your dependent? Being able to claim herself or not could certainly make a difference here. 
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Szerek
Posts: 338
Registered: 2000-8-8 09:26:09
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Scarne posted:
Is your daughter still your dependent? Being able to claim herself or not could certainly make a difference here.
She is 20 and not in college and lives with her mother so no one can claim her but her.
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"The reason they call it the American Dream is because you have to be asleep to believe it."
"The IQ and the life expectancy of the average American recently passed each other in opposite directions."
- George Carlin
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silvadel
Title: MMRPG Expert
Posts: 165
Registered: 2001-4-18 11:54:17
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Were the taxes prepared correctly -- earned income tax credit and all?
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Tych2
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Szerek posted:
Scarne posted:
Is your daughter still your dependent? Being able to claim herself or not could certainly make a difference here.
She is 20 and not in college and lives with her mother so no one can claim her but her.
If her mother is providing 51% of her support then her mother can could claim head of household. How much did your daughter actually make. If it's low enough she should have gotten some EIC as long as she made less than $13,800.
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Ashmaele posted:
If your daughter was a f'kin entitlement-minded moron and had a kid or three at that income level and no committed partner, she'd be one of those folks.
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GrilledCheez
Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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Why do so many people care about stuff like this?
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Nearly 50% of Americans pay no income tax.
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GrilledCheez posted:
Why do so many people care about stuff like this?
Well, to be fair, only about 49% of people care about stuff like this...
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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