I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
Yep, this is one of the better tricks the government does. They get people to "pay" only to give them back their own money so it allows them to feel like they actually paid something. The reality is the cost of the processing of all of that makes it an even bigger revenue loser.MemphisAg1 said:
You're looking for net taxpayers. Those who have $5k withheld from their paycheck but get a refund of $10k are not taxpayers.
Aggie95 said:
I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
SS and Medicare taxes pay for those specific programs, not the funding of the federal government.94chem said:Aggie95 said:
I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
Hard to say. If you add SS, Medicare, property tax, sales tax, income tax (local, state, and federal), and all other taxes (licenses, registrations, tolls, gasoline, etc.) together, and subtract credits, subsidies, vouchers, etc., I wonder what the number would be.
I'm talking about taxpayers in general, since income tax isn't relevant for lots of people.
It's not just the check you wrote last year. From a dollar perspective it is every dime you will ever pay in your lifetime - wasted on left wing globalist crap over the past six decades and lining the pockets of swamp creatures.fullback44 said:
Me… I wrote some big tax checks last year for our business, I would at least hope it fund part of a tank or weapon, or help build some nice roads instead I'm funding LGBT sitcoms in Chile and Gay parades in West Monrovia along with Chelsea Clinton's $250k monthly money shopping money and vacations
backintexas2013 said:
Income tax should be relevant to everyone because everyone that works should pay income tax. 50% are leeches because they pay no income tax which is exactly what OP is about.
MemphisAg1 said:94chem said:Aggie95 said:
I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
Hard to say. If you add SS, Medicare, property tax, sales tax, income tax (local, state, and federal), and all other taxes (licenses, registrations, tolls, gasoline, etc.) together, and subtract credits, subsidies, vouchers, etc., I wonder what the number would be.
I'm talking about taxpayers in general, since income tax isn't relevant for lots of people.
Everybody above the poverty level needs to have skin in the game when it comes to federal taxes.
Ok. I don't think anybody at or below the poverty line should pay taxes.94chem said:MemphisAg1 said:94chem said:Aggie95 said:
I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
Hard to say. If you add SS, Medicare, property tax, sales tax, income tax (local, state, and federal), and all other taxes (licenses, registrations, tolls, gasoline, etc.) together, and subtract credits, subsidies, vouchers, etc., I wonder what the number would be.
I'm talking about taxpayers in general, since income tax isn't relevant for lots of people.
Everybody above the poverty level needs to have skin in the game when it comes to federal taxes.
About 11% of US adults live below poverty line.
What does that have to do with this topic? If it's their asset paid for with their wealth that was already taxed, what's the problem with someone using that already-taxed asset to obtain a loan, upon which they'll pay interest to whoever loaned them the money?94chem said:backintexas2013 said:
Income tax should be relevant to everyone because everyone that works should pay income tax. 50% are leeches because they pay no income tax which is exactly what OP is about.
Sure, but are people who take asset-leveraged loans leeches too?
MemphisAg1 said:What does that have to do with this topic? If it's their asset paid for with their wealth that was already taxed, what's the problem with someone using that already-taxed asset to obtain a loan, upon which they'll pay interest to whoever loaned them the money?94chem said:backintexas2013 said:
Income tax should be relevant to everyone because everyone that works should pay income tax. 50% are leeches because they pay no income tax which is exactly what OP is about.
Sure, but are people who take asset-leveraged loans leeches too?
I don't get the objection to that. Is it just pure jealousy that some people worked hard to acquire assets and they use them to grow their wealth, or simply to provide joy and entertainment? What's wrong with that?
Lol, I'm not defending the US tax code. It's way too complicated and unfairly picks winners and losers.94chem said:
Ok. Then why isn't the interest on my cash-out refinance tax deductible?
Ag97 said:
Common sense says you need skin in the game to make our system work. If approximately 40% of the adult population pays no income tax but still votes, they aren't going to vote to start paying taxes and they are going to continue to vote for more services for themselves. This is human nature.
Either tax everyone at a reasonable rate or remove their right to vote if they pay no taxes so they don't continue to vote themselves services paid for by those of us carrying all the weight currently.
94chem said:MemphisAg1 said:94chem said:Aggie95 said:
I know the percentages are out there....roughly 50% of the population pays $0 in income tax, but are there any raw numbers. How many tax returns are submitted that have paid at least $1 to the gov't?
Hard to say. If you add SS, Medicare, property tax, sales tax, income tax (local, state, and federal), and all other taxes (licenses, registrations, tolls, gasoline, etc.) together, and subtract credits, subsidies, vouchers, etc., I wonder what the number would be.
I'm talking about taxpayers in general, since income tax isn't relevant for lots of people.
Everybody above the poverty level needs to have skin in the game when it comes to federal taxes.
About 11% of US adults live below poverty line.
fullback44 said:
Me… I wrote some big tax checks last year for our business, I would at least hope it fund part of a tank or weapon, or help build some nice roads instead I'm funding LGBT sitcoms in Chile and Gay parades in West Monrovia along with Chelsea Clinton's $250k monthly money shopping money and vacations
94chem said:Ag97 said:
Common sense says you need skin in the game to make our system work. If approximately 40% of the adult population pays no income tax but still votes, they aren't going to vote to start paying taxes and they are going to continue to vote for more services for themselves. This is human nature.
Either tax everyone at a reasonable rate or remove their right to vote if they pay no taxes so they don't continue to vote themselves services paid for by those of us carrying all the weight currently.
True, but remember that one of the key tenets of populism is to give the people something-for-nothing. This happens in both right wing and left wing regimes.
1939 said:
How is it possible to get more money back than you paid in?
94chem said:
I specifically looked for adults, and the results said "adults," but as with most AI, it may be faster, but I'm usually smarter. AI search results are at least 50% garbage. So what is the real number?
Quote:
In 2023, the official poverty rate fell 0.4 percentage points to 11.1 percent. There were 36.8 million people in poverty in 2023, not statistically different from 2022 (Figure 1 and Table A-1).