http://www.msn.com/en-us/money/taxes/45p...spartandhp

Interesting stats on taxes.

(02-25-2016 09:40 AM)OptimisticOwl Wrote:  http://www.msn.com/en-us/money/taxes/45p...spartandhp

Interesting stats on taxes.

That's what lots of tax exceptions and deductions will do for you. Or not having an income because you are retired/unemployed (which is where half the non-paying people come from).

The language of how things are calculated confuses me a bit though, and I can't tell if they are using results just from what is owed by individuals when taxes are due, or through their cumulative tax contributions minus their potential refund. I assume that it considers total federal contribution and not just the number on the tax filing.

(02-25-2016 02:18 PM)RiceLad15 Wrote:  

(02-25-2016 09:40 AM)OptimisticOwl Wrote:  http://www.msn.com/en-us/money/taxes/45p...spartandhp

Interesting stats on taxes.

That's what lots of tax exceptions and deductions will do for you. Or not having an income because you are retired/unemployed (which is where half the non-paying people come from).

The language of how things are calculated confuses me a bit though, and I can't tell if they are using results just from what is owed by individuals when taxes are due, or through their cumulative tax contributions minus their potential refund. I assume that it considers total federal contribution and not just the number on the tax filing.

Unemployment benefits are taxable income, but may not take the return to taxable levels depending on family size and other income.

Some retired people pay whopping tax bills. Me, for one.

More ways to have income than on a
W-2

The thing that I got from this is that likely 50%+ of our electorate is unconcerned about tax or fiscal policy since it doesn't affect them.