Are you part of the 53%?

[AVGWarhawk]

Originally Posted by mookiemookie

Except that they do pay taxes. Federal payroll taxes for Medicare and Social Security being some of the largest. Sales tax as well.

Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

http://finance.yahoo.com/news/Nearly...105567323.html


Fair tax. No deductions, exemptions...NOTHING. Let's be fair. After all, everyone enjoys what our taxes pay for.

[mookiemookie]

Originally Posted by AVGWarhawk

http://finance.yahoo.com/news/Nearly...105567323.html

That's fine, but where in that article do they say that these people don't pay payroll taxes, sales taxes, excise taxes, property taxes, etc?

The whole "47%" number is intentionally misleading.

[AVGWarhawk]

Originally Posted by mookiemookie

That's fine, but where in that article do they say that these people don't pay payroll taxes, sales taxes, excise taxes, property taxes, etc?

The whole "47%" number is intentionally misleading.

How so? The article states

About 47 percent will pay no federal income taxes at all for 2009.

End of thought. It's fine they pay all the other taxes however they get the free pass on Federal income tax. Fair tax is everyone pays into every taxable area. No loophole or free rides for whatever reason that can drummed up.

[Penguin]

Can you guys elaborate to us Non-Americans how many percent of an average paycheck gets soaked up by payroll taxes and how much gets snatched by income taxes? For simplicity without considering deductions.

For employees here, the income tax (wage tax) is directly withheld from your monthly pay, for other sources of income you do a yearly tax declaration, like in the US.