47% Will Pay No Federal Income Tax

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saden1
04-08-2010, 12:55 PM
LOL...Who's tax policy is in effect?

Chico23231
04-08-2010, 01:03 PM
I just shake my head....so when things are bad and people need tax breaks (working and middle classes) they shouldnt get them? wow...ive heard it all today

tryfuhl
04-08-2010, 01:17 PM
Remember..you like tax cuts. This is the result.
Exactly. Why is this a bad thing now?

firstdown
04-08-2010, 01:18 PM
Nearly 22% of those making between $50,000 and $75,000 end up with no federal income tax liability or negative liability as do 9% of households with incomes between $75,000 and $100,000.

Now could someone explain to me how they can have this income and pay nothing and maybe receive a tax credit?

Schneed10
04-08-2010, 01:18 PM
LOL...Who's tax policy is in effect?

A combination of Bush's and Obama's. Bush's main structure is in place, but Obama's refundable credits are also in place allowing many to not only not pay any taxes, but to get additional refunds as well (making work pay, first time home-buyer, etc.).

I'm taking no political position here, just reporting the facts.

tryfuhl
04-08-2010, 01:20 PM
Yea, for people actually paying taxes.
They'll still be paying it out of their checks. Of course if they're getting a refund they won't actually owe any at year's end. This is net tax burden.

This makes it hard to take you guys seriously if you can't even understand what you're reading.

firstdown
04-08-2010, 01:21 PM
I just shake my head....so when things are bad and people need tax breaks (working and middle classes) they shouldnt get them? wow...ive heard it all today

Read my post and you will know thats not what I said. So is it only the middle class that ever works. I always here about the working middle class and never the working lower class or the working upper class.

firstdown
04-08-2010, 01:21 PM
LOL...Who's tax policy is in effect?

Obama's

joethiesmanfan
04-08-2010, 01:24 PM
Don't forget the illegal aleins who not only don't pay taxes, they also send their money back to Mexico, and shack up 30 deep in a 600$ apartment.

Ummm, there are no such thing as illegal aliens they have as much right to live on this land as you do. Says my one vote.

CRedskinsRule
04-08-2010, 01:28 PM
Ummm, there are no such thing as illegal aliens they have as much right to live on this land as you do. Says my one vote.

No, there are laws in effect (as in every country, and piece of land on this planet). Right now there are people who, of their own free will, have chosen to come into this country illegally, and thus become illegal aliens. If you want to talk about our immigration policy fine, I tend to favor open borders, but no matter what, there is always a limit and law in effect guiding the number of residents and new citizens.

Basically, your statement is simply an uninformed and inflammatory statement, regardless of your one vote.

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