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Nearly 1/2 of US households don't owe income tax

Nearly 1/2 of US households don't owe income tax

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Originally posted by telerion
Thanks for the VOC. And screw you kmax ๐Ÿ™‚
Ah, the great economist speaks!

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Originally posted by telerion
http://money.cnn.com/2009/09/30/pf/taxes/who_pays_taxes/index.htm

Finally, somebody reported on what I've been saying from time to time around here. I meet so many people with low to moderate income that scream that they are being "taxed to death." Typically though, these households get most or all of that money back.

It's pretty funny listening t ...[text shortened]... tem go "sackcloth and ashes" through the streets bemoaning their "disappearing freedom."
Not sure where CNN gets thier figures from. All I can do is speak personal facts, I am in the middle class tax bracket. Last year my total household income was 93,000 with myself and my wife both working. Our total FDIC was $14,346.62 withheld from our paychecks. My rebate from good old uncle sam was whopping $90 dollars after all of my deductions, including donations.

That does not include sales taxes for the year, social security, or medicare, taxes off my cable bill, taxes of my phone bill,and any other bill gov. has wiggled thier way into,and my property tax which was 2100 and change.

Now my brother in law, who is in the low tax bracket, who has four kids, and his wife does not work paid in a whopping 146 dollars all year and received a 5400 dollar tax return. I think he made around 21,000 last year.

I do complain about taxes and I do pay them. I also think instead of giving such huge returns to people that treat it as another christmas is unwise. I think the should be allowed grants to better themselves instead of waiting for tax day to catch up on thier bills and have fun, they can improve thier way of life. The other thing that discourages me is watching his family blow the return cash on silly stuff and be in the same boat they were in 4 months later, which is being behind on thier bills.

My brother in law also gets a ebit card, a ebit phone, and thier childrens healthcare cards to go to the doctor and dentists.

As far as I have seen first hand how the system is working and it is not good in my opinion. As long as they keep getting by on the help and returns they are getting, they are not trying to improve thir lives.

As far as I know, I have not met one person that is getting these kinds of support complain once about being taxed to much.

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Originally posted by torch71
Not sure where CNN gets thier figures from. All I can do is speak personal facts, I am in the middle class tax bracket. Last year my total household income was 93,000 with myself and my wife both working. Our total FDIC was $14,346.62 withheld from our paychecks. My rebate from good old uncle sam was whopping $90 dollars after all of my deductions, including ...[text shortened]... t met one person that is getting these kinds of support complain once about being taxed to much.
In the Uk we even give bogus 'asylum seekers' from anywhere such benefits.

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Originally posted by Sartor Resartus
In the Uk we even give bogus 'asylum seekers' from anywhere such benefits.
What do you mean "bogus 'asylum seekers' "?

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Originally posted by torch71
Not sure where CNN gets thier figures from. All I can do is speak personal facts, I am in the middle class tax bracket. Last year my total household income was 93,000 with myself and my wife both working. Our total FDIC was $14,346.62 withheld from our paychecks. My rebate from good old uncle sam was whopping $90 dollars after all of my deductions, including ...[text shortened]... t met one person that is getting these kinds of support complain once about being taxed to much.
With a paycheck like that, you would pay about $40k in taxes here - though you would get a couple thousand back if you own a mortgaged house.

As for benefits: there is actually no empirical evidence that there is a strong correlation between benefits and laziness. For example in Norway, where everyone is entitled to at least about $15k per year in benefits, unemployment is 2%.

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Originally posted by KazetNagorra
With a paycheck like that, you would pay about $40k in taxes here - though you would get a couple thousand back if you own a mortgaged house.

As for benefits: there is actually no empirical evidence that there is a strong correlation between benefits and laziness. For example in Norway, where everyone is entitled to at least about $15k per year in benefits, unemployment is 2%.
We have around the same unemployment benifits ass you. You can get up to 15,600 in benifits, before taxes that is. Although not many want to live on that, but most would refuse a 9.00 an hour job because they are making around 8.00 just sitting at home.

There are some that will also try to find under the tablle work and still collect the unemployment as well.

They would take around $40,000 from $90,000 where your are from? Doesn't that just piss you off? And is that all taxes combined or just one tax. We have so many ways of taking them here.

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Originally posted by torch71
We have around the same unemployment benifits ass you. You can get up to 15,600 in benifits, before taxes that is. Although not many want to live on that, but most would refuse a 9.00 an hour job because they are making around 8.00 just sitting at home.

There are some that will also try to find under the tablle work and still collect the unemployment as w ...[text shortened]... off? And is that all taxes combined or just one tax. We have so many ways of taking them here.
I would have to calculate a bit more precisely to get the precise number... Maybe it's a bit less due to the low dollar, could be $30k. You don't pay tax over the first $5k you make, and then there are nominal rates dependent on income starting at 32.5% and the highest is 52%, but there are some possible deductions too.

Anyway, I live in the Netherlands and I don't mind at all - not just because I don't pay any tax (I'm a student), but also because the system makes more sense. Were it not for taxes I would certainly have much more trouble funding my education, which is now largely state-funded.

Is it really possible to get $15k in net benefits in the US annually if you are say, single and unemployed for 5 years? I find that hard to believe.

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Originally posted by telerion
http://money.cnn.com/2009/09/30/pf/taxes/who_pays_taxes/index.htm

Finally, somebody reported on what I've been saying from time to time around here. I meet so many people with low to moderate income that scream that they are being "taxed to death." Typically though, these households get most or all of that money back.

It's pretty funny listening t ...[text shortened]... tem go "sackcloth and ashes" through the streets bemoaning their "disappearing freedom."
Er...um.....who typically smokes? Is it the "rich"? Nope. Last I checked, the Obama spend/tax regime raised the economically disadvantaged cost of living by taxing their smokes. Other than that, I would agree that their taxes have not gone up for the poor.

However, is this the whole story? In fact, did "W" raise the taxes of the "poor"? Nope. "W", like his half brother Obama, just spend and spend and spend and have yet to raise taxes. So tell us telerion, using your economic knowledge, what is the end game to all this Bushama, (and I have pattened this term), fiscal policy? Inflation perhaps? Mandatory future taxation on a grande scale perhaps regardless of what future administrations WANT to do?

Of coures, instead of focusing on simply not raising taxes for the poor, why not focus on increasing their standard of living? So what is the Bushama plan for increasing the quality of living for the poor? The only thing I can think of is acess to health care. Other than that, it appears that the only plan in place is to bring down the quality of living for the "rich". No job creation. No innovation. All that will be left is a welfare state that business will flee, and is fleeing currently, for freindlier waters in other countries.

All I can say is, BUSHAMA IN 2012!!! Keep the dream alive!!

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Originally posted by eljefejesus
No prob.

Did catch the insulting part of kmax, but I won't delve into any background, so many posts, so many interactions...
the things people get away with when you're busy. he'll keep! .....though at least it appears I am getting my end away, so I wont complain๐Ÿ˜€

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Originally posted by telerion
Thanks for the VOC. And screw you kmax ๐Ÿ™‚
with the greatest of pleasure my dear non backsliding friend ๐Ÿ˜›

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Originally posted by whodey
Er...um.....who typically smokes? Is it the "rich"? Nope. Last I checked, the Obama spend/tax regime raised the economically disadvantaged cost of living by taxing their smokes. Other than that, I would agree that their taxes have not gone up for the poor.

However, is this the whole story? In fact, did "W" raise the taxes of the "poor"? Nope. "W", l ...[text shortened]... rs in other countries.

All I can say is, BUSHAMA IN 2012!!! Keep the dream alive!!
You can always stop smoking, no?

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Originally posted by KazetNagorra
You can always stop smoking, no?
That is not the point. The point is that the people who do smoke are on average the poor. It reminds me of a lot of the money hungry liberals pushing gambling into their respective states. They too feed off the poor. Go figure?

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Originally posted by whodey
That is not the point. The point is that the people who do smoke are on average the poor. It reminds me of a lot of the money hungry liberals pushing gambling into their respective states. They too feed off the poor. Go figure?
Yes, but if they are troubled by the rising cost of tobacco they can stop smoking. You know, this personal responsibility thing that Republicans tend to applaud so often.

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Originally posted by torch71
What do you mean "bogus 'asylum seekers' "?
You evidently need a dictionary.

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Originally posted by Sartor Resartus
You evidently need a dictionary.
Oh the irony!