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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (143718)	10/28/2008 3:01:43 PM
From: geode00	Read Replies (3) \| Respond to of 173976

Those are for AGI, after all deductions and exemptions and whatever. What kind of deductions and exemptions (other than, say, personal or dependents) would the poor have? We are talking about someone with an AGI of $2000 paying 10% to the federal government. That is $2,000 that has to pay for expenses like food and gasoline and everything else. Does that make sense? ============That's why I want to know where you got this statement from: Over 30% of people have no net income tax burden. And the other 70%, don't pay income tax on the first chunk of their income. Which 30%? Just for fun, I used the IRS's EITC calculator to see what that might be. If you have $20K in income and $10K as AGI your EITC is a whole $190 for 2007. Your income tax according to the table is: $1,108. Unless you have a net loss somewhere such as from a small business or capital losses somewhere, how do you get to pay no income tax? What is the first chunk of income comment about? I'm trying to understand where this statement came from and how it is supported.