3 ms·
US doesn't have a 0% tax rate, but there is the standard deduction and other tax credits that mean a large chunk of money gets exempted from income tax, often m
by war1025 9y ago
US doesn't have a 0% tax rate, but there is the standard deduction and other tax credits that mean a large chunk of money gets exempted from income tax, often much more than just $16,000 USD.
- war1025 9y agoPosting this a day later, so probably won't get seen much, but I just looked at my 2017 tax return. I made ~$80k USD and because of various tax incentives (3 children mainly), I paid almost exactly the $1650 ($1683) figure you mentioned for federal income tax. So my intuition is that the tax burden for most poor families is almost nothing.