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To: jficquette who wrote (21645)6/14/2004 8:02:34 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
you mean people earning under 35K? Why does that matter, they pay payroll taxes which are more abusive than federal income taxes and are regressive to boot.

Really, as the baby boom gets older the whole argument about poor paying no federal taxes becomes moot. People under 40 aren't going to get anything for their payroll tax money, its time to put that tired old "poor don't pay taxes" excuse to bed.



To: jficquette who wrote (21645)6/14/2004 11:40:41 PM
From: AC FlyerRespond to of 306849
 
>>I am saying that half the people don't pay federal income tax.<<

Correct. In 2004 44 million tax returns will either have zero tax liability or will receive net payments from the federal government. Another 14 million individuals or households will not be required to file because they do not make enough money. 58 million households paying zero federal taxes means that, including the dependents of these filers, roughly 122 million Americans – 44 percent of the U.S. population – are outside of the federal income tax system. Considering adults only, from these stats I would say that it is quite likely that more than half of American adults pay zero or negative federal income tax. It's no surprise that the wealthy get upset at how punitive and unfair the federal tax system is towards them and do what little they can to redress this fundamentally unfair situation.