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You do realize that $1k is about 10% of the median household income tax liability? I can't imagine the majority of people happily accept a 10% (more for half o
by brigade 6y ago
You do realize that $1k is about 10% of the median household income tax liability?
I can't imagine the majority of people happily accept a 10% (more for half of households) tax hike, when companies already CC the IRS on all the forms they're regurgitating.
- sokoloff 6y agoI'm actually fairly shocked that $10K is the median income tax liability given that a substantial percentage of households pay no net federal income tax.
- ska 6y agoIt's probably median for households that pay any tax.
- spullara 6y agoThis statistic I think is with respect to those that owe tax rather than for all households (it excludes 1/3rd of those that file returns): "The most recent IRS data revealed that Americans who filed taxable returns paid an average income tax payment of $15,322 in 2018. This number was calculated based on the returns of over 153 million American households who filed during that period, which included just over 100 million taxable returns."