Nearly half of US households escape fed income tax/Outstanding, gotta love the free

[OrangeEmpire]

loader society we live in!

Nearly half of US households escape fed income tax - Yahoo! Finance

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

Thoughts other than thank you democrats?!?!

 

[lumberjack4]

The rich need to pay their fair share.

 

[volinbham]

I guess my Thank You note got lost in the mail.

 

[Rasputin_Vol]

Guess I need to get married, have some kids and quit my job. Then I can rake in the dough...

 

[BeecherVol]

Guess I need to get married, have some kids and quit my job. Then I can rake in the dough...

I tried it. Don't work.

All but the job quiting part, I guess thats the catch ain't it.

 

[MystifyingVol]

At what ratio does everyone think that Atlas will shrug? I think it will have to get closer to 40% supporting the rest
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[TennTradition]

That number shocks me. That is crazy. How much do you have to make if you have two kids and still not pay income taxes I wonder. How about 4 kids? Seriously...it can't be that much.

 

[paul1454]

That number shocks me. That is crazy. How much do you have to make if you have two kids and still not pay income taxes I wonder. How about 4 kids? Seriously...it can't be that much.

The average family with two children making 50k and taking the standard deduction will not only pay $0 income tax, they will get a check for about $80 (Primarily due to the MWPC and the EITC [the latter being refundabe]).
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[rjd970]

I agree with VBH, at the very least, a Thank You note would be in order for some of us.

 

[volinbham]

I agree with VBH, at the very least, a Thank You note would be in order for some of us.

See. Being a racist ain't so bad. Welcome to the club.

 

[MG1968]

something tells me that Keynes wouldn't agree with this any more than he agreed with structural deficits

 

[IPorange]

I won't be paying any income tax this year. Thanks guys! And I mean that.

 

[MontereyVol]

Count me in with the half getting a refund.

 

[vol_in_ar]

Guess I need to get married, have some kids and quit my job. Then I can rake in the dough...

hopefully the wife will work

 

[vol_in_ar]

Count me in with the half getting a refund.

I think the OP was stating the 47% didn't pay any taxes,

you could get a refund, but still pay taxes, since the refund wasn't equal to what was paid

 

[MontereyVol]

I think the OP was stating the 47% didn't pay any taxes,

you could get a refund, but still pay taxes, since the refund wasn't equal to what was paid

Yeah I know, I was just excited to be getting a BIG refund this year.

 

[paul1454]

hopefully the wife will work

Actually, the way the tax brackets are structured, the benefit of marriage is diminished if the wife works. In fact, couples that make the same amount of money before they get married often find themselves paying more tax after marriage. Hence the phrase, the "marriage penalty."
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[vol_in_ar]

if your wife's pullling down a decent salary, your way better off with her working
I'll settle for paying the taxes, to have additional discretionary income

 

[arTfuldodger]

Not exactly the proper way to go about it, but I see it as 47% of the pop is living how the cnstitution intended. NO INCOME TAX. ABOLISH THE FED!!!
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[g8terh8ter_eric]

Just think, if we abolished the IRS and went with the Fair/Flat tax, our country would prosper beyond belief.

 

[BeecherVol]

Come on Eric, how is making everybody equal fair?

 

[g8terh8ter_eric]

Come on Eric, how is making everybody equal fair?

Your right, we should all be segregated groups with agendas to make the other groups pay for their indiscretions. What the hell was I thinking?? :crazy:

 

[Chattaben]

I wonder how many members of the Tea Party/We're taxed too much crowd fits into the 47%?

 

[Oldvol75]

I wonder how many members of the Tea Party/We're taxed too much crowd fits into the 47%?

1 here!

 

[T-TownVol]

You guys are not freaking welcome!