47% will pay no federal income tax, page 1
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ATS Members have flagged this thread 3 times
Topic started on 30-9-2009 @ 03:48 PM by centurion1211
I placed this thread in this forum because federal income tax questions are increasingly political issues.

Interesting statistics in the is CNN Money article.

CNN Money Article

NEW YORK (CNNMoney.com) -- Most people think they pay too much to Uncle Sam, but for some people it simply is not true.

In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.

Some in that group will even get additional money from the government because they qualify for refundable tax breaks.




Looking at the chart from the article, over 63 million citizens with incomes under $50K pay no federal tax at all. What if these people had to pay only a $500 "flat tax" for being under the $50k level? That would generate an additional $31.5 billion in revenues, which is probably far more than the government would raise by increasing taxes on the relatively few people in the upper income brackets that pay no taxes..

As the article says, having so many pay nothing is probably not sustainable.

[edit on 9/30/2009 by centurion1211]


reply posted on 30-9-2009 @ 03:54 PM by centurion1211
reply to post by king9072



I understand where you are coming from.

However, my point with the OP was that if some have to pay, then shouldn't everyone have pay at least some "token" amount?



reply posted on 30-9-2009 @ 03:55 PM by warrenb
reply to post by centurion1211



what if those making over $1 million paid $1000 each and for each additional million made, they paid $1000.





reply posted on 30-9-2009 @ 04:00 PM by centurion1211
Originally posted by warrenb
reply to
post by centurion1211



what if those making over $1 million paid $1000 each and for each additional million made, they paid $1000.




You have to look at the numbers of people in each category to estimate the revenue you would gain. I would guess there are not that many people in the category you are talking about, so the gain in revenues might be much less. And BTW this is about people who pay no taxes at all, not those getting refunds, etc.

Again, I'd be happy paying no taxes, but since I have to, how about everyone else at least having to contribute something?

We're talking about almost half of the income earners in this country paying nothing! That means the other half of us are paying too much in my book.

[edit on 9/30/2009 by centurion1211]


reply posted on 30-9-2009 @ 04:06 PM by whaaa
Originally posted by centurion1211
reply to
post by king9072




However, my point with the OP was that if some have to pay, then shouldn't everyone have pay at least some "token" amount?



Everyone pays taxes in the form of a sales tax when they buy almost anything, be it a bottle of cheap wine or a Mercedes.

A portion of all sales taxes goes into the federal coffers in one form or another.

My solution is to have a flat 15% percent income tax for everyone and a huge sales tax especially on luxury items.


reply posted on 30-9-2009 @ 04:07 PM by bigshow
reply to post by centurion1211



I do not see how that is possible. I make under 50K a year and I most certainly see a large chunk of my paycheck gone every two weeks because of INCOME taxes.


reply posted on 30-9-2009 @ 04:10 PM by centurion1211
Originally posted by bigshow
reply to
post by centurion1211



I do not see how that is possible. I make under 50K a year and I most certainly see a large chunk of my paycheck gone every two weeks because of INCOME taxes.


But if you get it all back in the form of a tax refund, you have effectively paid nothing. And this is only talking about federal income taxes, not state or local.



reply posted on 30-9-2009 @ 04:12 PM by skeetontheconspiracy
Reply to post by skeetontheconspiracy


And I might add, I work for the government, Dept Homeland Security Tech Agent. Still havent ran into any trouble
So it's kind of funny and ironic.



Posted Via ATS Mobile: m.abovetopsecret.com



reply posted on 30-9-2009 @ 04:17 PM by centurion1211
Originally posted by skeetontheconspiracy
Reply to
post by skeetontheconspiracy


And I might add, I work for the government, Dept Homeland Security Tech Agent. Still havent ran into any trouble
So it's kind of funny and ironic.



Posted Via ATS Mobile: m.abovetopsecret.com





Can't blame you for trying to beat the system. I guess the current system kind of trains us to try and figure out ways to beat it - perhaps because it does seem so unfair.

Wonder how you'll be doing after some people read your posts ...



reply posted on 30-9-2009 @ 04:41 PM by dawnstar
Originally posted by centurion1211
Originally posted by bigshow
reply to
post by centurion1211



I do not see how that is possible. I make under 50K a year and I most certainly see a large chunk of my paycheck gone every two weeks because of INCOME taxes.


But if you get it all back in the form of a tax refund, you have effectively paid nothing. And this is only talking about federal income taxes, not state or local.

we made less than 50k also, didn't take out ourselves even as dependents and somehow not only did we not get a refund but we ended up paying a penalty for the priveledge of them accepting three monthly payments instead of one lump sum...maybe they should start chipping away at the child tax credit, deductions and such, since it appears to me that this would probably be how someone making so much more than we did could skip away without paying anything and we certainly paid!


what if the person doesn't make $5,000 in a year.....how can they pay more in taxes than they made?

[edit on 30-9-2009 by dawnstar]
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