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Below ~$45k/yr, the actual income tax rate paid is zero or negative after filing for a return. These are the 47% of Americans that Mitt Romney correctly describ
by papreclip 7y ago
Below ~$45k/yr, the actual income tax rate paid is zero or negative after filing for a return. These are the 47% of Americans that Mitt Romney correctly described as paying no income tax.
A $21/hr tax-free job minus driving costs is still equivalent to a $15/hr job. It's definitely not equivalent to a $21/hr job riding around in someone else's ambulance burning someone else's gas. And from what I'm seeing, residents make ~$60k/yr. That job is also a stepping stone to a much more lucrative profession.
- locust101 7y agoI have made $20k/year when I was in grad school and I definitely paid income tax. 18-20% overall IIRC.
- jcranberry 7y agoTaxi drivers don't work 100+ hour work weeks with 24 hour shifts or have to pay malpractice insurance.
- cheriot 7y agoMitt Romney talking about only income tax is intentionally myopic. What's their total tax burden including payroll taxes?
- scarface74 7y agoBelow ~$45k/yr, the actual income tax rate paid is zero or negative after filing for a return. These are the 47% of Americans that Mitt Romney correctly described as paying no income tax. That’s only if you believe in the fairy tale that Social Security and Medicare taxes (close to 15% including the employer’s side) go into a separate account and that those taxes don’t go into the same bucket as regular tax revenues.