G
Guns Guns Guns
Guest
Elderly Americans and low-wage workers make up the bulk of those who don’t pay income taxes, a group that Republican presidential nominee Mitt Romney said are “dependent on government” and see themselves as “victims.”
For 2011, 46 percent of households didn’t pay federal income taxes.
About half of those didn’t pay because of standard deductions and personal exemptions designed to exclude subsistence levels of income from taxation.
The rest received tax breaks, including the earned income tax credit, the child tax credit and tax benefits for older Americans such as the exclusion of Social Security benefits from income.
Households that don’t pay income taxes one year because of job loss, for example, may pay again when they find work. People come onto the tax rolls as they leave school, pay more as they earn more, pay less as they have children and move off the tax rolls as they age and stop working.
This group still paid state and local taxes and payroll taxes.
Romney described non-payers as being dependent on government and feeling "entitled" to government-provided health care, housing and food assistance.
Veterans who serve 20 years or more in the service get benefits — that’s government money.
According to the Tax Foundation, states with the highest concentrations of non-payers are Mississippi, Georgia, and Arkansas.
http://www.newsday.com/elections/mi...aders-combines-elderly-poor-workers-1.4014587
For 2011, 46 percent of households didn’t pay federal income taxes.
About half of those didn’t pay because of standard deductions and personal exemptions designed to exclude subsistence levels of income from taxation.
The rest received tax breaks, including the earned income tax credit, the child tax credit and tax benefits for older Americans such as the exclusion of Social Security benefits from income.
Households that don’t pay income taxes one year because of job loss, for example, may pay again when they find work. People come onto the tax rolls as they leave school, pay more as they earn more, pay less as they have children and move off the tax rolls as they age and stop working.
This group still paid state and local taxes and payroll taxes.
Romney described non-payers as being dependent on government and feeling "entitled" to government-provided health care, housing and food assistance.
Veterans who serve 20 years or more in the service get benefits — that’s government money.
According to the Tax Foundation, states with the highest concentrations of non-payers are Mississippi, Georgia, and Arkansas.
http://www.newsday.com/elections/mi...aders-combines-elderly-poor-workers-1.4014587