so when I was working my minimum wage job that federal income tax being taken out was just my imagination?
The unemployment rate is far below 50%.
anyone with a job pays federal income tax.
sometimes they low-wage earners could be exempt from paying state and local tax though.
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I Often Hear The Claim: “50% Of Americans Pay No Income Tax”……….?
Posted on28 August 2011.
29 Responses to “I Often Hear The Claim: “50% Of Americans Pay No Income Tax”……….?”
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I have a job, and I didn’t have to pay Federal Income tax last year….FAIL!
Total Bullshit!
They are likely including children, the disabled, the elderly and the cheaters.
Lois…You’re too old to be working minimum wage. Stop blogging and get an education
It’s all those people that don’t have a job that don’t pay income taxes, ya think? The economy is in the dumps because of Obama’s failed economic policies.
no but if you look at tax form at the end of the year you get it all back that is why you get such return, did you really think that you paid 2k or 3k to much in taxes?
If 50% of Americans paid no income tax our deficit would be even bigger than it is, God help us.
EVERYONE who works pays federal and state income taxes. SOME people make so little that their tax credits offset this amount and those people get a check back at the end of the year.
You have to file a tax return to get your deducted taxes back.
I’ve never heard that it was 50%, it was 47%.
If you get a tax return of more than you paid in for the year, you don’t pay Federal Taxes.
It has 0 to do with what you pay during the year through pay roll, it is based on your yearly income tax/return.
Edit: that does not include credits, say if your paid in 3000.00 and on your taxes you get a total of 3020.00 credits and your return is 20.00 returned to you, You didnt pay taxes, that is technically someone else who did, money being given to you.
No, the withholding wasn’t your imagination, nor was it for INCOME tax, except that portion that was ALL refunded.
You remember your REFUND, don’t you? That wasn’t your imagination, either.
Look at their tax liability after deductions and exemptions. 47% of Americans who have income do not have to pay FEDERAL income tax for that reason.
If you make below a certain amount, the standard deduction is larger than your tax withholdings and so you get 100% of that money back on your tax return.
You still paid payroll tax and sales tax, of course, which are a larger percentage of a person’s income the less that person makes, but not income tax.
The reason that this percentage has gone up is because the income disparity has increased in this country, about to the point of a typical 3rd world nation. More people are poor, so there are more people who pay no taxes. Also, more of the wealth is concentrated in fewer hands, so the rich pay a larger percentage of the total tax burden. The best way to change those numbers is to reduce the disparity, as most functional democracies do, including us until the last few decades.
First of all,the first $10,000 is income tax free (for now).
Those with high incomes can claim so many deductions,they actually reduce their taxable income to zero.
Corporations pay little to nothing on income taxes because they make charitable donations and other business tax deductions.
This leaves most of the tax burden on the people caught in between.
Medicare and Social Security taxes are mandatory on all paychecks.
Income taxes are based on each paycheck and tax tables.
I won’t pretend to understand it but…I am a small business owner and in 2009 I did not pay anything in Federal taxes…Zip Zero Nada…but because I had a wife at home with a new baby the Government GAVE me $4900.00. Something to do with earned income credit?
Anyway…my wife went to work 40 hours a week starting in May 2009, yes she did pay some into Fed over the next 7 months but again, I paid in ZERO…and the Fed gave us $2300.00.
So for the last 2 years my wife and I have basically not paid a dime in Federal taxes…just the opposite, the Fed has GIVEN us $7200.00.
Nothing I can do about it…but I do feel as though I have not paid my fair share the last couple of years and I am all for a Flat Tax Rate being applied to EVERYONE.
You have to consider the source when you hear some of these sayings. More people than 50% pay income tax. There are a lot of loopholes in corporate taxes where GE didn’t have to pay a tax in their annual filing, but I am sure they paid their payroll taxes and employment taxes. You have the poor receiving credits like the EIC that could possibly eliminate any tax they have to pay depending on how much they made. During the year anyone with a job or earns income pays taxes each week or each quarter through withholding or employment taxes. The difference is how these tax payers manipulate the tax code to their advantage in their annual filings. In the end, taxes are being paid.
Lois, it’s a myth propagated by those who continue to support the Bush tax cuts in favor of the wealthiest Americans.http://jonathanturley.org/2011/07/29/hal…http://www.politicususa.com/en/half-amer…http://www.thedailyshow.com/watch/thu-au…http://www.thedailyshow.com/watch/thu-au…
Actually the number is 47%, and did you ever hear of the EIC, Earned Income Credit?
EIC, yes you do pay taxes through the year, but you get it all back and then some come tax time, effectively making it so you have paid no taxes.
What of this do you pin head libs not understand? You have asked this question before and have chosen your own answer to each question.
It would be truer to say 47% of those filing returns did not have to pay income tax. The reason is that their income is very low for the size of their families. As a result, they are entitled to various deductions and credits.
Income tax withheld from your pay is not the same as actually owing tax at the end of the year. At that point you can file a return to get it all back if you qualify.
However, all workers do pay social security and medicare which pays for one of the largest segments of the budget. Everyone pays the same rate, except there is a maximum at $106,000 income.
Around 50% of Americans get their tax money back in the form of a tax refund, earned income tax credit and/or child tax credit.
I’m not sure if that figure only covers working Americans. Clearly, if you don’t have income, you don’t pay income tax.
The income tax rate for earnings from $0-$8,500 is 10% at the federal level. However, it is true that almost all of the folks who fall within that range end up getting it refunded due to various tax deductions and credit. if we were in the same room, i could show you two dozen ways it would likely happen for any given case.
I don’t know what your situation was. It is certainly possible that you paid net federal income tax on your earnings.
technically it is not a tax, but is an insurance premium.
in 1913 Congress created a bill to form the IRS, but it was never ratified, and it was forced through any ways.
The IRS virtually break the following laws every day.
18 U.S.C. 2381 treason.
18 U.S.C. 208 Conflict of Interest.
18 U.S.C. 597 Expenditures to influence voting.
18 U.S.C. 2111 Robbery.
18 U.S.C. 872 Extortion.
18 U.S.C. 876 Mailing threatening communications.
18 U.S.C. 873 Blackmail.
18 U.S.C. Peonage and slavery.
42 U.S.C. Peonage and slavery
13th Amendment Slavery.
Did you file?
I am amazed at the ignorance of people who think arithmetic is debatable. Like there’s any mystery to it.
thats a lie its 14%
The rich people hire tax lawyers to get them out of paying.
Yeah and how many of them realize people have to declare unemployment money on their income taxes.
Just love election season,more hot air contributing to global warming.
The poor and the Middle Class are paying for the rich. GE paid nothing in federal taxes.
The 50% must be the Americans that are now buried in the ground.