3 ms·
How is that relevant?
by drabiega 10y ago
How is that relevant?
- refurb 10y agoIncomes taxes (not including payroll taxes) make up ~47% of all federal dollars coming in. Payroll taxes (Medicare, SS), make up 34%, but half of that is paid by the employer, so it's really 18%.[1] So income taxes represent almost 3x the income stream that payroll taxes do. So I'd say not paying income taxes is a pretty big break in my book. [1]http://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government-0 http://www.taxpolicycenter.org/briefing-book/what-are-source...
- sgnelson 10y agoThat's just for the Federal system, it ignores all state taxes.