AnotherSinner Posted September 23, 2012 Group: Senior Member Followers: 1 Topic Count: 47 Topics Per Day: 0.01 Content Count: 628 Content Per Day: 0.14 Reputation: 94 Days Won: 5 Joined: 03/13/2012 Status: Offline Birthday: 08/14/1984 Share Posted September 23, 2012 Nearly all of the people who did not pay either type of tax were elderly – 10.3 percent of total tax filers - or had incomes less than $20,000 – 6.9 percent. But it's not just low-income people who get out of paying income taxes. About 1 percent of the top 1 percent of income earners, those making about $533,000 or more, did not pay income taxes. That's roughly 13,000 tax filers. And 4,000 millionaires are also escaping that burden, according to a Tax Policy Center analysis. The majority of people who pay zero income tax, though, are low-income families. Last year 99 percent of people earning less than $10,000 per year paid no income tax. Roughly 78 percent of the households that did not pay income tax were below the poverty line. Many of these low-income earners may not even realize they do not pay income tax. According to an April Gallup poll, 50 percent of people who earn less than $30,000 per year said the amount they pay in income taxes is too high. More than 80 percent of those people do not pay a dime of income tax. They are on the hook, though, for a host of other taxes such as sales taxes, property taxes, state income taxes and excise taxes on items like alcohol, gasoline and cigarettes. http://abcnews.go.co...29#.UFoA4o1lRcQ Nearly all of the people who did not pay either type of tax were elderly – 10.3 percent of total tax filers - or had incomes less than $20,000 – 6.9 percent. But it's not just low-income people who get out of paying income taxes. About 1 percent of the top 1 percent of income earners, those making about $533,000 or more, did not pay income taxes. That's roughly 13,000 tax filers. And 4,000 millionaires are also escaping that burden, according to a Tax Policy Center analysis. The majority of people who pay zero income tax, though, are low-income families. Last year 99 percent of people earning less than $10,000 per year paid no income tax. Roughly 78 percent of the households that did not pay income tax were below the poverty line. Many of these low-income earners may not even realize they do not pay income tax. According to an April Gallup poll, 50 percent of people who earn less than $30,000 per year said the amount they pay in income taxes is too high. More than 80 percent of those people do not pay a dime of income tax. They are on the hook, though, for a host of other taxes such as sales taxes, property taxes, state income taxes and excise taxes on items like alcohol, gasoline and cigarettes. http://abcnews.go.co...29#.UFoA4o1lRcQ Not exactly rich and my husband and I paid taxes to the i.r.s. in 2010... facts are so often not looked into in this day and age. It is appalling just how much America functions based off of negative stereotypes. Link to comment Share on other sites More sharing options...
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