45% of Americans pay no federal income tax

[Sly]

A few interesting points:
+ Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability
+ The top 1% of taxpayers pay a higher effective income-tax rate than any other group â?? nearly seven times higher than those in the bottom 50%.
+ Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam.



45% of Americans pay no federal income tax

[beemk]

Yet the bottom 20% still bitches.

[Dead]

Upper middle class will be a thing of the past, sooner then later.
Fun check to right "Fuck You" in the memo every year thou ;)

[Fat Panda]

wish i paid no fed income taxes

[mineistaken]

Originally Posted by Sly

+ The top 1% of taxpayers pay a higher effective income-tax rate than any other group â?? nearly seven times higher than those in the bottom 50%.

Yet the 47 percenters bitch that "rich do not pay taxes"
Clown leftards...

[Dead]

Originally Posted by Dead

Upper middle class will be a thing of the past, sooner then later.
Fun check to right "Fuck You" in the memo every year thou ;)

Write.....lol

[TheSquealer]

Ironically, those 45% do 95% of the bitching about how unfair taxes are.

[Robbie]

Where are crockett, bronc67, and ********** to refute this travesty of justice and PROVE to all of you that only the poor and homeless pay taxes while the rich kick back and pay nothing.

[Dead]

Originally Posted by Robbie

Where are crockett, bronc67, and ********** to refute this travesty of justice and PROVE to all of you that only the poor and homeless pay taxes while the rich kick back and pay nothing.

Windy night? Duct taping? I hear it works wonders on the electric bills.......

[Penny24Seven]

It should be that way. If you are some dumbass that makes 10K a year what do they expect them to pay? If you make billions and pay even 100 million in taxes of course that amounts to more than 100 million people that pay nothing.
You can say 1 person pays more tax than half of the United States combined.
The bottom 50%
What is your point?
The point should be to get the bottom 50% something to do and stop sucking the tit

[mineistaken]

Originally Posted by Brian837

It should be that way. If you are some dumbass that makes 10K a year what do they expect them to pay? If you make billions and pay even 100 million in taxes of course that amounts to more than 100 million people that pay nothing.
You can say 1 person pays more tax than half of the United States combined.
The bottom 50%
What is your point?
The point should be to get the bottom 50% something to do and stop sucking the tit

Not only rich pay more in absolute numbers, but they also pay the higher tax RATE (as in percentage from their income).

Point - to display how foolish all those lefties and libbies are claiming that rich don't pay taxes etc, as in:

Originally Posted by TheSquealer

Ironically, those 45% do 95% of the bitching about how unfair taxes are.

Originally Posted by Robbie

Where are crockett, bronc67, and ********** to refute this travesty of justice and PROVE to all of you that only the poor and homeless pay taxes while the rich kick back and pay nothing.

etc etc

[MiamiBoyz]

Originally Posted by Dead

Upper middle class will be a thing of the past, sooner then later.
Fun check to right "Fuck You" in the memo every year thou ;)

I for one can't wait for the total annihilation of the middle class.

There should be 2 classes. Rich and poor

[mce]

Originally Posted by Robbie

Where are crockett, bronc67, and ********** to refute this travesty of justice and PROVE to all of you that only the poor and homeless pay taxes while the rich kick back and pay nothing.

[ReggieDurango]

Originally Posted by Brian837

It should be that way. If you are some dumbass that makes 10K a year what do they expect them to pay? If you make billions and pay even 100 million in taxes of course that amounts to more than 100 million people that pay nothing.
You can say 1 person pays more tax than half of the United States combined.
The bottom 50%
What is your point?
The point should be to get the bottom 50% something to do and stop sucking the tit

Wow, I actually agree with you

[mineistaken]

Originally Posted by ReggieDurango

Wow, I actually agree with you

Agree on what?

Lefties, libbies and leechers were bitching that "rich don't pay taxes" etc etc.
OP just debunks those stupid talks. What exactly are you agreeing with?

[Paul Markham]

Originally Posted by TheSquealer

Ironically, those 45% do 95% of the bitching about how unfair taxes are.

Because the 1% sent their jobs to the Third World. https://gfy.com/20738120-post11.html

Bring back the jobs and the 45% would be happy to pay taxes.

[Paul Markham]

Originally Posted by Brian837

It should be that way. If you are some dumbass that makes 10K a year what do they expect them to pay? If you make billions and pay even 100 million in taxes of course that amounts to more than 100 million people that pay nothing.
You can say 1 person pays more tax than half of the United States combined.
The bottom 50%
What is your point?
The point should be to get the bottom 50% something to do and stop sucking the tit

Why does some dumbass make $10K a year? Because the job he used to do is now done by a Third World guy on $5k a year. Who moved those jobs there? The guys making billions.

The problem is the circulation of money inside the country. Our customers, those with enough disposable income to afford a $50 a month on a product. Are a dying breed. This puts the whole retail chain, apart from the essentials into jeopardy. "Walmart" sales climb, while "Saks Fifth Avenue" drop. Because more people can only afford Walmart prices.

We're seeing this as the lower and middle-class incomes buy less and less. And that's those posting that this is great.

While we can still afford to change our Chinese made iPhone or clothes at a rate where disposing them is a real problem.

[pornguy]

They always seen the news about someone like Gates getting a 1 Billion dollar tax credit for what ever and think he pays nothing.

Then they bitch they dont get the same.

[Barry-xlovecam]

What is the point.

You would rather be a dependent broke-dick and pay no taxes?

Hypothetically, I would love to have an annual AGI of $3 Million and get to keep $1.8 Million of it. Note I said AGI -- that is after my deductions and don't forget lower tax rates for my capital gains and other sheltered income. That would be real tough ... Not to say anything of my corporate structure, salary, benefits, pension plans, car, yacht, First Class 'business travel' and lodging expenses, yada, yada ...

[woj]

Originally Posted by Barry-xlovecam

What is the point.

You would rather be a dependent broke-dick and pay no taxes?

Hypothetically, I would love to have an annual AGI of $3 Million and get to keep $1.8 Million of it. Note I said AGI -- that is after my deductions and don't forget lower tax rates for my capital gains and other sheltered income. That would be real tough ... Not to say anything of my corporate structure, salary, benefits, pension plans, car, yacht, First Class 'business travel' and lodging expenses, yada, yada ...

guy making $10k/year would say the same thing...

"Hypothetically, I would love to have an annual AGI of $50k/year and get to keep $30k of it."

Why did you pick $3M? not $100k? or 50k? If reasoning is sound at $3M, it should be just as valid at $50k....

[Magnetron]

Meanwhile Squealer continues to recuperate from the stroke he had over the prospect of paying 25 cents more for his daily McFlopWhopper because of minimum wage increase proposals.




Gotta love the logic circulating about GFY.

[slapass]

Originally Posted by mineistaken

Not only rich pay more in absolute numbers, but they also pay the higher tax RATE (as in percentage from their income).

Point - to display how foolish all those lefties and libbies are claiming that rich don't pay taxes etc, as in:





etc etc

It is not a leftie righty thing. You have to tax the people with the income. The rich used to pay 90% in the US. These were some of the best years in US history for our economy. The leftie righty thing is do they pay enough.

http://www.dailydoseofexcel.com/blogpix/teaparty1.gif

[Paul Markham]

Originally Posted by woj

guy making $10k/year would say the same thing...

"Hypothetically, I would love to have an annual AGI of $50k/year and get to keep $30k of it."

Why did you pick $3M? not $100k? or 50k? If reasoning is sound at $3M, it should be just as valid at $50k....

Most of the guys making $10k a year would love to have a job.

With 45% not earning enough to pay taxes. How does the Republican Party survive?

The answer to that is simple. They won't, no matter how much big business spends to buy politicians. Eventually, the people will realise politicians who only think of themselves won't be able to win enough seats.

Trump is winning because he's saying no more wars, migrants, Chinese Imports, etc. If he can tag on Healthcare, better education and more jobs. He will win. Then his problem will be all the others trying to stop him.

Obama won on a message of hope for the lower earning sector. What's the message of hope from Rubio and Cruz. That's believable by this 45%?

[HowlingWulf]

You know federal taxes aren't the only taxes people pay.

Individual income tax, payroll tax, corporate tax, excise tax, property tax, sales tax, license tax, etc.

Picking just one can skew the results so you can make whatever point you want.

[arock10]

I say we just stop taxing the people that pay taxes now and start taxing the people who pay no taxes. How you like that granny???

[woj]

Originally Posted by Paul Markham

Most of the guys making $10k a year would love to have a job.

With 45% not earning enough to pay taxes. How does the Republican Party survive?

The answer to that is simple. They won't, no matter how much big business spends to buy politicians. Eventually, the people will realise politicians who only think of themselves won't be able to win enough seats.

Trump is winning because he's saying no more wars, migrants, Chinese Imports, etc. If he can tag on Healthcare, better education and more jobs. He will win. Then his problem will be all the others trying to stop him.

Obama won on a message of hope for the lower earning sector. What's the message of hope from Rubio and Cruz. That's believable by this 45%?

I don't agree, right-wing politicians tend to be "pro-business"... meaning, they are for creating conditions conducive for business, for thriving economy, etc... many find that position appealing... certainly more appealing than what democrats are proposing... what are left-wing candidates proposing to help the economy?

increase taxes? increase minimum wage? increase business regulation? even someone with most basic understanding of economics will realize that all these make it harder and more expensive to hire people = MORE people unemployed...

[Penny24Seven]

Originally Posted by mineistaken

Agree on what?

Lefties, libbies and leechers were bitching that "rich don't pay taxes" etc etc.
OP just debunks those stupid talks. What exactly are you agreeing with?

I was not agreeing with anything. Just saying what was already said.

Originally Posted by Paul Markham

Why does some dumbass make $10K a year? Because the job he used to do is now done by a Third World guy on $5k a year. Who moved those jobs there? The guys making billions.

The problem is the circulation of money inside the country. Our customers, those with enough disposable income to afford a $50 a month on a product. Are a dying breed. This puts the whole retail chain, apart from the essentials into jeopardy. "Walmart" sales climb, while "Saks Fifth Avenue" drop. Because more people can only afford Walmart prices.

We're seeing this as the lower and middle-class incomes buy less and less. And that's those posting that this is great.

While we can still afford to change our Chinese made iPhone or clothes at a rate where disposing them is a real problem.

Pull your head out of your ass and stop trying to compare everything to your dying business. I was doing the math to show what was already said. Don't try to make it into some bullshit from your warped mind.

[poncabare]

illegal immigrants... suck the state dry.

[TheSquealer]

Originally Posted by Magnetron

Meanwhile Squealer continues to recuperate from the stroke he had over the prospect of paying 25 cents more for his daily McFlopWhopper because of minimum wage increase proposals.




Gotta love the logic circulating about GFY.

Only a naive and selfish member of that 45% who pay no taxes and who has never owned and operated a business of any real size would attempt to argue that significantly increasing costs to a business, particularly ones that have been struggling for almost a decade, is not a big deal.

Only an idiot with no argument would address facts by making one up and acting as if its a valid point that refuted everything that was said.

Keep it up genius. Now you can move on to curing cancer and stopping world hunger when your not busy defending that notorious liar and thief, thebutcher.

[poncabare]

Originally Posted by TheSquealer

Only a naive and selfish member of that 45% who pay no taxes and who has never owned and operated a business of any real size would attempt to argue that significantly increasing costs to a business, particularly ones that have been struggling for almost a decade, is not a big deal.

Only an idiot with no argument would address facts by making one up and acting as if its a valid point that refuted everything that was said.

Keep it up genius. Now you can move on to curing cancer and stopping world hunger when your not busy defending that notorious liar and thief, thebutcher.

Dont you get it? Every American should be making 150k a year just because... Your alive, so therefore you are important.

[ITraffic]

no one has it harder than a middle class white man in the west.

[dyna mo]

So 22% of employable Americans make ~$12,000 a year or less.

[Robbie]

Originally Posted by dyna mo

So 22% of employable Americans make ~$12,000 a year or less.

I don't know how that can be...since over 37 percent of employable Americans are unemployed:
Bureau of Labor Statistics Data

[dyna mo]

Originally Posted by Robbie

I don't know how that can be...since over 37 percent of employable Americans are unemployed:
Bureau of Labor Statistics Data

i was just going by the OP numbers. it claims half of that 45% of Americans who don't pay income tax don't make enough taxable income to pay, which is ~$12k if i recall correctly. 22% doesn't seem bad to me, part timers, seasonals, ditch diggers,fry cooks, unemployed, etc.

[Relentless]

You are missing out on the top .01% who often pay 15% or less.
Carried interest loopholes, offshoring wealth, tax sheltered trust funders....
Romney and Buffett famously pay lower percentages than their secretaries.

The tax rate percentage is a completely meaningless number until all income is included in it. Eliminate the loopholes entirely. Use a flat tax and a national sales tax with ONE exclusion of 50,000 dollars for all taxpayers (whether your income is 30K or 200B).

The only reason it isn't done is the accountant and lawyer lobby along with the .01% who are gaming the current system to death.

[trevesty]

Originally Posted by woj

I don't agree, right-wing politicians tend to be "pro-business"... meaning, they are for creating conditions conducive for business, for thriving economy, etc... many find that position appealing... certainly more appealing than what democrats are proposing... what are left-wing candidates proposing to help the economy?

increase taxes? increase minimum wage? increase business regulation? even someone with most basic understanding of economics will realize that all these make it harder and more expensive to hire people = MORE people unemployed...

Yet, the "right-wing politicians" always fail to create an environment conducive for business, unless you mean multi-national corporations and wall street speculators, which isn't reflective or helpful to the economy as a whole at all.

The minimum wage, for example, always helps the economy.. despite the doom and gloom the right throws out every time the issue comes up, the country doesn't implode and there aren't bread lines on every street corner. In fact, quite the opposite happens every single time. They throw around words like inflation not understanding what they mean amongst others. It's cute.

The "right" is for maintaining the status quo, or, as is the case with the Tea Party, extremely reactionary politics. That's the very definition of being "conservative" - don't change shit, don't think, just keep everything the same, or in the case of the reactionaries, dismantle everything and try to blame it on some evil entity.

Also, a big "part" of the Democratic party as a whole is heavily investing into infrastructure and other projects to maintain the country, which creates thousands of well paying jobs in many areas. For example, the EPA is about to clean up all the lead mines around here - it's an estimated 4 year project. They'll be hiring, locally, for positions starting at $30 / hr with full benefits and guaranteed overtime. My business partner owns a few bars and is considering opening one up near the old mines to make some easy cash for the next 4 years - he will hire about 10 people to work there. Pretty anti-business of the government, though, right?

I'm all for average joe having more disposable income, less healthcare costs, better medical care, and less huge corporation, more small / medium sized businesses. That means more time and money for people to spend on my businesses instead of working a 2nd or 3rd job to help pay for their kid's freak bike accident and the hospital bills as a result of it.

But keep telling yourself whatever you want to.

[Rochard]

We have this discussion every year. The rich do not pay taxes - or at lest not their fair share.

It's very simple. Someone who works in an office who makes $45k a year gets their W2 form, does the 1040ez, maybe writes off their mortgage if they have one. However, a businessman has a business and writes off everything.

[L-Pink]

Originally Posted by Rochard

We have this discussion every year. The rich do not pay taxes - or at lest not their fair share.

It's very simple. Someone who works in an office who makes $45k a year gets their W2 form, does the 1040ez, maybe writes off their mortgage if they have one. However, a businessman has a business and writes off everything.

The above coming from a guy who stated he took his wife to breakfast/lunch everyday and wrote it off.

(which btw isn't legal)


.

[jimmycooper]

Originally Posted by Robbie

I don't know how that can be...since over 37 percent of employable Americans are unemployed:
Bureau of Labor Statistics Data

[dyna mo]

Originally Posted by Rochard

We have this discussion every year. The rich do not pay taxes - or at lest not their fair share.

It's very simple. Someone who works in an office who makes $45k a year gets their W2 form, does the 1040ez, maybe writes off their mortgage if they have one. However, a businessman has a business and writes off everything.

it states in the OP article that::::::

Rich people pay nearly 87% of all federal individual income tax in America

Income level Share of total federal individual income tax paid Average income tax bill per person

Lowest 20% -2.2% -$643

Second lowest 20% -1.7% -$621

Middle Income 4.2% $1,743

Second richest 20% 12.9% $6,285

Richest 20% 86.8% $50,176

Source: Tax Policy Center

45% of Americans pay no federal income tax

[woj]

Originally Posted by trevesty

The minimum wage, for example, always helps the economy..

How about some sources to back up that claim?

Originally Posted by trevesty

Also, a big "part" of the Democratic party as a whole is heavily investing into infrastructure and other projects to maintain the country, which creates thousands of well paying jobs in many areas. For example, the EPA is about to clean up all the lead mines around here - it's an estimated 4 year project. They'll be hiring, locally, for positions starting at $30 / hr with full benefits and guaranteed overtime. My business partner owns a few bars and is considering opening one up near the old mines to make some easy cash for the next 4 years - he will hire about 10 people to work there. Pretty anti-business of the government, though, right?

I don't see anything positive about that... democratic party is great at investing in overpriced projects of questionable benefit... probably $100M or more of my tax money will go to clean up some lead mines in some village I've never heard of and will never visit in my life... a project which is of questionable benefit that should cost $25M, instead of 100M... but few people will score $100k/year for that job (with benefits + overtime), and few local businessmen will get rich too, so all is good...

I'm all for cleaner environment but why am I paying to solve a local problem? shouldn't state/local taxes cover that? You are all excited about it, because you are not paying for it... if instead of federal tax $$, your property taxes would have been used to cover the costs of the cleanup, I'm sure you would be far less enthusiastic about the extra $1k or $2k in taxes you would have to pay...

[BlackCrayon]

Originally Posted by Rochard

We have this discussion every year. The rich do not pay taxes - or at lest not their fair share.

It's very simple. Someone who works in an office who makes $45k a year gets their W2 form, does the 1040ez, maybe writes off their mortgage if they have one. However, a businessman has a business and writes off everything.

your typical employee has no business related expenses..so what would there be write off? a businessman can't write off 'everything'. i know you brag that you abuse this and obviously write off thing you shouldn't be.

[Magnetron]

Originally Posted by TheSquealer

Only a naive and selfish member of that 45% who pay no taxes and who has never owned and operated a business of any real size would attempt to argue that significantly increasing costs to a business, particularly ones that have been struggling for almost a decade, is not a big deal.

Only an idiot with no argument would address facts by making one up and acting as if its a valid point that refuted everything that was said.

Keep it up genius. Now you can move on to curing cancer and stopping world hunger when your not busy defending that notorious liar and thief, thebutcher.

I've posted once to The Butcher's forum in the last year. It's been longer than that since I've personally messaged with him. I once participated in a topic here at GFY about him in which I gave advice to the topic starter who was having a problem with him.

Now that we've established that you are somewhat of a moron, let's walk the whole nine yards.

You are accustomed to living a lifestyle subsidized by billions of people earning less than a living wage with little to zero benefits.

It's the plain simple truth.

Suck it up, Buttercup.

You freak out when they ask for a minimum wage increase and insist that they continue earning the least amount possible allowed by the law to preserve your lifestyle.

Now here you are bitching and moaning that because combined they don't contribute as much in taxes as do the wealthy, their complaints about an uneven playing field regarding taxation itself are unwarranted.

Here is you eating your cake and here is you having your cake, Stooopid.

[JFK]

Originally Posted by mineistaken

etc etc

[Rochard]

Originally Posted by L-Pink

The above coming from a guy who stated he took his wife to breakfast/lunch everyday and wrote it off.

(which btw isn't legal)

.

I might have exaggerated a little bit but breakfast and lunches with my wife.... But if I take someone out to lunch who is a customer, yeah, I am so writing that off. So long as we discuss business it's perfectly legal.

[Dead]

Originally Posted by Rochard

I might have exaggerated a little bit but breakfast and lunches with my wife.... But if I take someone out to lunch who is a customer, yeah, I am so writing that off. So long as we discuss business it's perfectly legal.

I gotta call bullshit,.... LLC,DBA, maybe, but if your company is a S or C corp, that will never apply to the bottom line, way to small of an operating expense unless you own lets say a catering business, then food may come into play.

[Paul Markham]

Originally Posted by woj

I don't agree, right-wing politicians tend to be "pro-business"... meaning, they are for creating conditions conducive for business, for thriving economy, etc... many find that position appealing... certainly more appealing than what democrats are proposing... what are left-wing candidates proposing to help the economy?

We haver to have a thriving Capitalist system. The problem arrives when businesses outsource out of the country, too many jobs are very low paid, and the big rises in pay go to an upper elite. The businesses generate jobs slogan was in a time when the jobs paid well and in the EU. Today a lot of jobs pay badly or overseas.

The U.S. Census Bureau reported in September 2014 that: U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,759 in 2012, statistically unchanged. In 2013, real median household income was 8.0 percent lower than in 2007, the year before the latest recession.

That's an increase of $180 on all households. Howe much of that was to the top 10% or even 1%, how much was swallowed up in price rises?

increase taxes? increase minimum wage? increase business regulation? even someone with most basic understanding of economics will realize that all these make it harder and more expensive to hire people = MORE people unemployed...

Pointless to increase taxes on the rich, the spend less and that costs jobs. Or move which is worse.

Even someone with the basic understanding of economics knows the solution is in providing good jobs, that allow people to pay taxes. Or tax imports from countries that sell more than they buy. Because even people without any economic understanding can see why this is going to cause massive problem.

TOTAL US-China Trade 2015
Exports to China 116,186,000,000,
Imports from China 481,880.000,000


Deficit $365,694,000,000. Denied Americans of jobs, taxes, cost money in benefits, etc.

WASHINGTON: The US trade deficit grew in 2015 as exports fell for the first time since the recession amid a slowing global economy, while the gap with China hit a record.

The US trade shortfall in goods and services widened 4.6% from a year ago to $531.5 billion, the largest since 2012, the Commerce Department said Friday.

What is the Demographics of your target market? You may find that having people in the US in decent jobs very important to your income.

[Rob]

[Paul Markham]

Originally Posted by dyna mo

it states in the OP article that::::::

Rich people pay nearly 87% of all federal individual income tax in America

Income level Share of total federal individual income tax paid Average income tax bill per person

Lowest 20% -2.2% -$643

Second lowest 20% -1.7% -$621

Middle Income 4.2% $1,743

Second richest 20% 12.9% $6,285

Richest 20% 86.8% $50,176

Source: Tax Policy Center

45% of Americans pay no federal income tax

There are two ways of looking at this. Those coloured Yellow don't have a good enough wage to pay any taxes. Probably a strain on the rest.

The Blue ones break even on tax and costs to the country.

So it's only the top percentile who earn enough to contribute.

Now think of the Yellow only being the bottom 20%. The rest are in jobs that pay well enough to take them out of relying on other and up to contributors. This is what happens when a country removes jobs making products for export and replaces them with jobs flipping burgers. The only proviso is the jobs have to be provided by Capitalism.

Yes, iPhones will be too expensive to replace every time they release a new model.

Compare those percentiles before 1990.



People employed means diddly it's the wages that matter.

[TheSquealer]

Originally Posted by Magnetron

I've posted once to The Butcher's forum in the last year. It's been longer than that since I've personally messaged with him. I once participated in a topic here at GFY about him in which I gave advice to the topic starter who was having a problem with him.

Now that we've established that you are somewhat of a moron, let's walk the whole nine yards.

You are accustomed to living a lifestyle subsidized by billions of people earning less than a living wage with little to zero benefits.

It's the plain simple truth.

Suck it up, Buttercup.

You freak out when they ask for a minimum wage increase and insist that they continue earning the least amount possible allowed by the law to preserve your lifestyle.

Now here you are bitching and moaning that because combined they don't contribute as much in taxes as do the wealthy, their complaints about an uneven playing field regarding taxation itself are unwarranted.

Here is you eating your cake and here is you having your cake, Stooopid.

You're right. The fact that in the last year you've grown tired of defending someone with a decade+ history of lying and stealing, definitely proves something about me.... Uhm... yeah. That makes me a... uhm.... a moron. I guess that makes.... sense?

I didn't realize how much of a socialist you are. That was a beautiful power to the people speech but sadly, decades too late. Funny that ideology really has died out in the last couple decades after a near century failure and misery for the people it purports to defend and here you are coming around to tout its "undeniable truths" which the rest of the planet have long since abandoned. Please do us all a favor and attempt to curb yourself from spending as much time preaching about a failed economic ideology as you did defending a liar and thief. That just makes you look silly.