We Are The 53% (salaries, ethic, gasoline, Florida)

[Roadking2003]

Originally Posted by mmmjv

That would put me in the 53%, when I was working anyway. Which now makes that figure suspicious because my income was never all that high

The source of the "53%" is the US Government.

Don't forget that some people have a lot of deductions for interest, child care, medical expenses, etc.

Example: A family of five making $30k pays no FIT even if they have no interest, no child care and no medical expenses.

[Roadking2003]

Originally Posted by nei

NO the payments on the tax return include payroll taxes. The 47% are people who don't pay federal income taxes. But many of those 47% still pay payroll tax. If the sum of your payments throughout the year less your refund is positive, you may not be in the 53%.

Your payroll tax should be listed as FICA and/or medicare tax. Subtract those from the sum of your payments as well as your refund and then you can tell if you paid income tax.

I suspect a lot of the people who think they are in the 53% aren't. I was in the 53%, but just barely.

I was only discussing FIT. In that context, my formula is correct.

[Roadking2003]

Originally Posted by Skinny Puppy

So someone who pays $8,000 in property taxes is a freeloader, if they fall in the 47% group?

No. And I don't think most people call EVERYONE in the 47% group a "freeloader".

[InformedConsent]

Originally Posted by Roadking2003

I was only discussing FIT. In that context, my formula is correct.

I realize we're going with the thread title, but according to the U.S. Congress, only 49% of income earners pay any Federal Income Tax.

"In summary, for tax year 2009, approximately 22 percent of all tax units, including filers and non filers, will have zero income tax liability, approximately 30% will receive a refundable credit, and approximately 49% will have a positive income tax liability."

http://finance.senate.gov/newsroom/r...1-ffc00b5c00ef

[InformedConsent]

Originally Posted by Roadking2003

No. And I don't think most people call EVERYONE in the 47% group a "freeloader".

If they earn income and pay no FIT at all, I have no problem calling them freeloaders. Every income earner should pay FIT.

[Speleothem]

Originally Posted by Skinny Puppy

So someone who pays $8,000 in property taxes is a freeloader, if they fall in the 47% group?

I have a feeling that if you have a house nice enough to
pay 8K in property tax, yer prolly payin' income tax as well.

[nei]

Originally Posted by Roadking2003

I was only discussing FIT. In that context, my formula is correct.

No, your formula will give you Federal Income Tax + Federal Payroll Tax

[Skinny Puppy]

Originally Posted by Speleothem

I have a feeling that if you have a house nice enough to
pay 8K in property tax, yer prolly payin' income tax as well.

Not in Chicago or it's suburbs. I've seen small houses with real estate taxes of $11,000.

[PITTSTON2SARASOTA]

Originally Posted by doc1

"Those of us who pay for those of you who whine about all of that... or that... or whatever. "

We Are The 53%

And now for a reality check with the truth in simple to understand graphics>>>>>

[InformedConsent]

Originally Posted by PITTSTON2SARASOTA

And now for a reality check with the truth in simple to understand graphics>>>>>

Um... where does that graphic show the freeloading 51% actually PAYING for what they get, for a change?