“Roughly 47% of households will not owe any federal income tax..Why? (suspect, highway)

[my54ford]

Originally Posted by Smash255

Those with kids under 18 who are deducting mortgage interest.

BS

[NC~Mom]

When your deductions are more than what you would owe...which is my case. I always get a big refund.

[florida.bob]

Originally Posted by strawberry2

“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.”

What is the reason for this? (not trying to be a smarta**, just curious)

They don't have income amounts that add up to having a tax bill. This trend is continuing to grow.

[oz in SC]

I hope that we will soon be in this category...ahhhh, the joys of not paying any federal income tax.

Is the idea that more and more people won't be paying any federal income tax wrong to some people???

Surely not.

[florida.bob]

Originally Posted by oz in SC

I hope that we will soon be in this category...ahhhh, the joys of not paying any federal income tax.

Is the idea that more and more people won't be paying any federal income tax wrong to some people???

Surely not.

What is wrong is that there are so many that do not earn enough to have a tax bill, and those numbers have been, and are continuing, to grow.

[florida.bob]

Originally Posted by oz in SC

I hope that we will soon be in this category...ahhhh, the joys of not paying any federal income tax.

Is the idea that more and more people won't be paying any federal income tax wrong to some people???

Surely not.

I don't think the people who do not make enough to owe tax are particularly happy about it.

[oz in SC]

Originally Posted by florida.bob

What is wrong is that there are so many that do not earn enough to have a tax bill, and those numbers have been, and are continuing, to grow.

Why is it 'wrong' that people aren't paying federal income tax and that the number is increasing?

Not everyone wants to make money....

[oz in SC]

Originally Posted by florida.bob

I don't think the people who do not make enough to owe tax are particularly happy about it.

Well actually the people i knew liked getting that 'refund' back at tax time...

This past year we roughly broke even,next year we will probably do better as will REALLY be po'.

[Driller1]

Originally Posted by geofra

They don't make enough or they make so much that they can afford to pay someone to find all of the tax loopholes (i.e., game the system).

"Loopholes"???

What line items do you object to??

[florida.bob]

Originally Posted by oz in SC

Well actually the people i knew liked getting that 'refund' back at tax time...

This past year we roughly broke even,next year we will probably do better as will REALLY be po'.

The majority of people that get refunds do so because their withholding was larger than needed, so they get a refund of the excess. That doesn't mean they paid no tax. The people that pay no tax, do so because their income was too low to warrant it. I doubt that there are many people who like being in that bracket.