General Discussion

LiberalFighter

(53,544 posts)

24. For the 2011 tax year...

Reply to lefthandedlefty (Original post)

Sun Dec 25, 2011, 03:16 PM

Dec 2011

everyone has $3,700 personal exemption for each eligible person.
everyone in a household with married filing jointly has a standard deduction of $11,600
$5,800 if filing single or married separately

A family of four above would have a total of $26,400 income exempt from taxes. Not just the 47% that they say don't pay taxes but also the 53% that they say are bearing the tax burden (bullshit). About 28% of households have annual income under $27,000.

As a single person I will have a total of $9,200 of my income exempt from federal taxes. And then have the first $8,500 of taxable income taxed at 10%, the next $26,000 taxed at 15%. Last year my effective tax rate was about 10.5%.

Back to the family of four if they have only $26,400 in income and therefore not pay any federal taxes. A family with income of $200,000 would have at LEAST $26,400 of their income untaxed. Why LEAST? Because they are more likely to itemize their deductions and the average deductions for a family with $200k is $64,000. And they complain about 47% not paying taxes?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

31 replies

= new reply since forum marked as read

Highlight:

I keep hearing complaints about 47 percent of us not paying any income tax. [View all] lefthandedlefty Dec 2011 OP

I'm pretty sure Sedona Dec 2011 #1

Put em to work so they can pay taxes! proud2BlibKansan Dec 2011 #3

Excellent point, makes the figures more honest. The ones spouting it just want to feel superior. freshwest Dec 2011 #6

Since the 47% figure is households Riftaxe Dec 2011 #11

Retirees also pay income taxes you know...a third are taxed on Social Security Bluenorthwest Dec 2011 #19

This message was self-deleted by its author Obamanaut Dec 2011 #29

people who pay more taxes are making more money before taxes and still making more money after taxes unblock Dec 2011 #2

A wingnut actually told me that the rich DESERVE to pay less in taxes proud2BlibKansan Dec 2011 #5

sociopath. unblock Dec 2011 #8

Yeah, it is kicking someone when they're down. Fix the problem at the root, good thinking there. freshwest Dec 2011 #4

Exactly! The fact that 47% of the citizens don't earn enough to pay taxes is the sad part. FarLeftFist Dec 2011 #7

That isn't the difference. You can have a kid working part time who pays more in taxes. dkf Dec 2011 #16

The overall tax burden is the best response to that bhikkhu Dec 2011 #9

This is the data from your link. It doesn't support your numbers. dkf Dec 2011 #18

The 40% vs 17% refers to the cut-off between <200k vs >200k bhikkhu Dec 2011 #21

I used to pay about $4000/year marybourg Dec 2011 #10

That is just Limbaughish bullshit, the same as 20% pay 80% of the taxes, etc. Major Nikon Dec 2011 #12

That is such a red herring. What isn't paid in income tax is paid BlueToTheBone Dec 2011 #13

I believe everyone who files income taxes should pay a bit taught_me_patience Dec 2011 #14

I believe that figure includes children and poor seniors. More bull**** from the right. applegrove Dec 2011 #15

This message was self-deleted by its author Obamanaut Dec 2011 #17

Agreed, k and r Stuart G Dec 2011 #20

Its not just the rich CANDO Dec 2011 #22

It sounds better than pointing out that 47% of us have no income. nt bemildred Dec 2011 #23

For the 2011 tax year... LiberalFighter Dec 2011 #24

Clearly their children should be cleaning the schools. CTyankee Dec 2011 #25

The truth ErikJ Dec 2011 #26

when the repubs start agitating for the home mortgage interest deduction to be taken away, we might CTyankee Dec 2011 #30

Because most of us are not working for them. We are elderly on Social Security, Disabled making jwirr Dec 2011 #27

This message was self-deleted by its author Obamanaut Dec 2011 #28

Report: Rich-poor gap growing LiberalFighter Dec 2011 #31