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I don't agree that it applies to "most of the U.S." or even very widely. Also, you are talking after taxes; the document says income is measured before taxes.
by hackuser 10y ago
I don't agree that it applies to "most of the U.S." or even very widely. Also, you are talking after taxes; the document says income is measured before taxes.
Also, recall that most poor are in cities.
- danielvf 10y agoGraduated income tax and child tax credit starts making a big difference in taxes for below median incomes. $48,000 before taxes with four kids is around $5,500 in taxes before any other deductions or credits. With things like EIC and a normal set of deductions and credits, I'd expect actual income tax to be between none and $2,500. Families pay proportionally way less taxes than single people do.
- hackuser 10y agoYou're only talking about income tax. Social Security, FICA, etc. are regressive taxes that make the working class pay higher rates overall than many people who are wealthier.