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I'm unclear on the definition of "pay no income taxes" and always have been.
If you have more deducted from your paycheck/pension every week/month than you have to, so you either get a refund or don't have to pay on April 15, does that mean you are lumped in with a group who "pay no income taxes?"
I'm unclear on the definition of "pay no income taxes" and always have been.
If you have more deducted from your paycheck/pension every week/month than you have to, so you either get a refund or don't have to pay on April 15, does that mean you are lumped in with a group who "pay no income taxes?"
If you have money deducted during the year and don't get a return you (or at least a return equaling the amount taken out) have paid income taxes.
If you have money deducted during the year and get all your money back in a return (and in some cases more then was taken out) you pay no income taxes.
If you have money deducted during the year and don't get a return you (or at least a return equaling the amount taken out) have paid income taxes.
If you have money deducted during the year and get all your money back in a return (and in some cases more then was taken out) you pay no income taxes.
So in the second paragraph, the key word is "all?" If my tax withheld (just making up these numbers) was $45,750 and my tax on my 1040 is $45,000, so I get a refund of $750, I'm still considered to be a person who pays income tax, right? I was worried they were counting everyone who gets a refund as a person who doesn't pay income tax.
So in the second paragraph, the key word is "all?" If my tax withheld (just making up these numbers) was $45,750 and my tax on my 1040 is $45,000, so I get a refund of $750, I'm still considered to be a person who pays income tax, right? I was worried they were counting everyone who gets a refund as a person who doesn't pay income tax.
Whether you pay taxes or not is not based on a refund. I pay about $500K in taxes per year and get about $5K back. I definately pay taxes.
So in the second paragraph, the key word is "all?" If my tax withheld (just making up these numbers) was $45,750 and my tax on my 1040 is $45,000, so I get a refund of $750, I'm still considered to be a person who pays income tax, right? I was worried they were counting everyone who gets a refund as a person who doesn't pay income tax.
Yes, you are a person who paid taxes with those numbers. If after you do your taxes the government still has any of your money you are considered a person that paid federal taxes.
That illustrates how the middle class is being destroyed by the economic policies of the Bush administration. The Obama stimulus has not had enough time to turn the economy around.
Unfortunately the unemployed still have to pay a myriad of property, excise and sales taxes. These should all be replaced with all sources income taxes on the upper 15% of the economy.
This figure has been increasing almost every year it seems...more and more people paying no federal income tax or actually being given money they haven't paid and fewer and fewer carrying the burden.
Expect it to get worse,the people have learned they can vote themselves a 'pay raise' for doing nothing.
Personally,I hope to join them very soon,what better way to break the system than to become a burden.
Who can fix both of these problems? The capital owners who consistantly complain about shouldering so much of the tax burden.
What did you expect was going to happen when you laid off 4,000 workers, or decided to pay someone $8 an hour?
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