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57% of U.S. households paid no federal income tax last year
Posted on 3/25/22 at 9:30 am
Posted on 3/25/22 at 9:30 am
fair share? skin in the game?
57% of U.S. households paid no federal income tax last year as Covid took a toll, study says
More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.
The nonpartisan Tax Policy Center estimates that 57% of U.S. households paid no federal income taxes for 2021, up substantially from the 44% before the pandemic.
Since most workers pay payroll taxes, the share of Americans who pay neither payroll nor federal income taxes was only 19% in 2021, slightly higher than the 17% rate before the pandemic.
LINK
57% of U.S. households paid no federal income tax last year as Covid took a toll, study says
More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.
The nonpartisan Tax Policy Center estimates that 57% of U.S. households paid no federal income taxes for 2021, up substantially from the 44% before the pandemic.
Since most workers pay payroll taxes, the share of Americans who pay neither payroll nor federal income taxes was only 19% in 2021, slightly higher than the 17% rate before the pandemic.
LINK
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Posted on 3/25/22 at 9:31 am to djmed
Our Government is no longer tax payer funded anyway. We just print what we need.
Posted on 3/25/22 at 9:31 am to djmed
It should be 100%.
frick those corrupt mother frickers.
frick those corrupt mother frickers.
Posted on 3/25/22 at 9:32 am to bamarep
We are waiting to hear from CPA on how much we are gonna owe this year...always pisses the wife off. They should change voting day to April 15th.
This post was edited on 3/25/22 at 9:34 am
Posted on 3/25/22 at 9:33 am to djmed
The government is stealing from 43% of households
Thats the real headline
Thats the real headline
Posted on 3/25/22 at 9:33 am to djmed
quote:
57% of U.S. households paid no federal income tax last year
This is absurd. The middle class is funding everything at this point.
Posted on 3/25/22 at 9:34 am to Shotgun Willie
quote:
We are waiting to hear from CPA on how much we are gonna owe this year...always pisses the wife off
Losing the 20% qualified business deduction this year really nailed a bunch of our small business clients this year. Lets just say the checks were pain.
This post was edited on 3/25/22 at 9:35 am
Posted on 3/25/22 at 9:34 am to djmed
It’s unsustainable. At some point the entire system will collapse.
Posted on 3/25/22 at 9:34 am to djmed
quote:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship
A warning we did not heed
Posted on 3/25/22 at 9:34 am to djmed
This can’t be good for the economy going forward.
I fear when the govt stops printing free money to keep the economy afloat we going to have a deep depression.
This could be why the government seems so determined to start a war with Russia.
I fear when the govt stops printing free money to keep the economy afloat we going to have a deep depression.
This could be why the government seems so determined to start a war with Russia.
Posted on 3/25/22 at 9:35 am to djmed
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
- Alexander Fraser Tytler
- Alexander Fraser Tytler
quote:Beat me to it.
jamboybarry
This post was edited on 3/25/22 at 9:36 am
Posted on 3/25/22 at 9:35 am to djmed
I'm OK with 0% paying income taxes.
Make everything usage / sales tax based.
Make everything usage / sales tax based.
Posted on 3/25/22 at 9:35 am to djmed
How much of that is because one or both spouses are unemployed?
I’ve been employed through this whole clusterfrick but Mrs Teke got laid off during Covid and the nature of her job meant there were only so many spots for that available in our geographic area. And we can’t move for a variety of reasons.
Not to say there aren’t a lot of people freeloading off the system but at least some of them got screwed by Fauci et all.
I’ve been employed through this whole clusterfrick but Mrs Teke got laid off during Covid and the nature of her job meant there were only so many spots for that available in our geographic area. And we can’t move for a variety of reasons.
Not to say there aren’t a lot of people freeloading off the system but at least some of them got screwed by Fauci et all.
Posted on 3/25/22 at 9:35 am to djmed
So they ain’t paying their fair share
Posted on 3/25/22 at 9:35 am to djmed
It pays to be a leech on the system popping out kids everyone else has to work to support and pay for their healthcare and food and surviving .
Now they’ll add gas cards to the mix too.
What’s the point of working anymore just to get taxed to death and vilified that I don’t pay enough taxes anyway to lower my expectations .
Now they’ll add gas cards to the mix too.
What’s the point of working anymore just to get taxed to death and vilified that I don’t pay enough taxes anyway to lower my expectations .
Posted on 3/25/22 at 9:37 am to Shotgun Willie
I get so pissed this time of year. My wife and I do ok but for the last three years we have been paying and it sucks. Merica. I upped my 401k contribution and she did also but still owe 
Posted on 3/25/22 at 9:38 am to JackieTreehorn
Flat tax. It's the only way. Every citizen should pay in something.
Irony, those that pay the least, or nothing, get the most government services. Those that pay the most have the influence to have government working on their side. Those in the middle get the bill and the least in return.
Irony, those that pay the least, or nothing, get the most government services. Those that pay the most have the influence to have government working on their side. Those in the middle get the bill and the least in return.
Posted on 3/25/22 at 9:42 am to SoDakHawk
Which is why the attempts by the left to destroy the middle class are so self-defeating if the idea is to preserve their current system.
There are too many takers at the bottom and not enough high earners at the top to pay for everything without a solid middle to shoulder the load.
Crashing the system and replacing it with elites on top and a huge range of serfs on the bottom? This can get you there but the serfs here are well armed.
There are too many takers at the bottom and not enough high earners at the top to pay for everything without a solid middle to shoulder the load.
Crashing the system and replacing it with elites on top and a huge range of serfs on the bottom? This can get you there but the serfs here are well armed.
Posted on 3/25/22 at 9:43 am to djmed
And what percentage are getting Earned Income Tax Credit?
Posted on 3/25/22 at 9:44 am to djmed
quote:
skin in the game?
Paying federal income taxes is not the determinant factor for having "skin in the game".
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