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Thread: 45% of households own no federal taxes for 2010

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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by imagep View Post
    I don't believe he said "rich", he just said that "membership in the group isn't restricted to the poor." A $50,000 income would clearly make someone middle class.

    Anyhow, I can't help but to cheer these people on, many people on the far right constantly talk about how those who don't pay income tax are not producers. I just want to know how that can be the case when many of them make between $100k and $500k - how can you make an above average income and NOT be a producer?

    Those who denegrate people who don't pay federal income taxes are obviously jelous.
    Ok.. try this one then...

    Another 485,000 make between $100,000 and $500,000. And the remaining 18,000 make $500,000 or more...
    Can the debt be reduced by simply adding additional taxes to this group of 503,000 people? OR to this group and the richest 2%?

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    Re: 45% of households own no federal taxes in 2011

    And? It's ok that you demand the rest of pay your way?

    Quote Originally Posted by Boo Radley View Post
    Those poor folks in the upper brackets. I mean GE paid such a high amount. What was that? minus how much?

    Also, it helps to read the article you link:

    The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done.

    But like most statistics, it is often misunderstood -- and, in the case of those trying to stir political outrage, misrepresented.

    (snip)

    That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.

    And the group doesn't necessarily get off scot-free when it comes to payroll taxes -- which support Social Security and Medicare.
    Last edited by Amazed; 04-18-11 at 08:39 PM.
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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by Whovian View Post
    You consider someone who makes 50,000 rich?
    NO!, What I posted was from the article linked in the OP. Pay attention.


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    Re: 45% of households own no federal taxes in 2011

    [QUOTE=DontDoIt;1059418622][url=http://finance.yahoo.com/news/45 percent of households owe no federal income tax for 2010 - [/QUOTE]

    It just means that 45 percent are below the poverty level, not that they're getting special breaks.

    ricksfolly

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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by Boo Radley View Post
    Those poor folks in the upper brackets. I mean GE paid such a high amount. What was that? minus how much?

    Also, it helps to read the article you link:

    The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done.

    But like most statistics, it is often misunderstood -- and, in the case of those trying to stir political outrage, misrepresented.

    (snip)

    That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.

    And the group doesn't necessarily get off scot-free when it comes to payroll taxes -- which support Social Security and Medicare.
    Can't address the topic AS USUAL we see. We're not talking about no taxes, we're talking about no federal income taxes. Try staying on topic.
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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by ricksfolly View Post
    It just means that 45 percent are below the poverty level, not that they're getting special breaks.

    ricksfolly
    45% are NOT below the poverty level. If they were, our country would be very, very ****ty.
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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by roguenuke View Post
    $50K is not rich but is at least lower middle class.
    The upper class is above $250,000, poverty the bottom, so the middle range would be somewhere between the two.

    ricksfolly

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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by iamitter View Post
    45% are NOT below the poverty level. If they were, our country would be very, very ****ty.
    According to Wikipedia, the family poverty level for 2011 is set at $22,350, when you add up all the standard deductions, there is nothing left to tax.

    ricksfolly

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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by ricksfolly View Post
    According to Wikipedia, the family poverty level for 2011 is set at $22,350, when you add up all the standard deductions, there is nothing left to tax.

    ricksfolly
    Are you claiming 45% of people earn less than 22,350?
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    Re: 45% of households own no federal taxes in 2011

    Quote Originally Posted by Boo Radley View Post
    Those poor folks in the upper brackets. I mean GE paid such a high amount. What was that? minus how much?

    Also, it helps to read the article you link:

    The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done.

    But like most statistics, it is often misunderstood -- and, in the case of those trying to stir political outrage, misrepresented.

    (snip)

    That does not mean such households end up paying no taxes whatsoever. For instance, those in the group still pay other taxes such as state and local income taxes, as well as property and sales taxes.

    And the group doesn't necessarily get off scot-free when it comes to payroll taxes -- which support Social Security and Medicare.

    Awww, stop! GE paid her taxes. That bull**** article has already been debunked, for God's sake.

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