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That's true, but (especially when spread by politicians) terribly spun. Almost half of americans have no federal "income tax" liability. They still pay a ton
by newacct583 5y ago
That's true, but (especially when spread by politicians) terribly spun.
Almost half of americans have no federal "income tax" liability. They still pay a ton of federal tax on every paycheck they receive. Their income is absolutely taxed.
- bpodgursky 5y agoThat's just not true. It might be taxed at the state or local level, but a lot of people simply don't pay federal income tax (and in fact receive a relatively large refund at the end of the year). (many people get confused and interpret social security and health insurance withholdings as taxes).
- pessimizer 5y agoMany people refer to payroll taxes as payroll taxes, yes.
- Spivak 5y agoEspecially since they are, literally, taxes. I would probably even go so far as to call insurance a tax as well since I am legally required to pay it. I may have my choice what company administers my policy but they're effectively private arms of the government.
- kapp_in_life 5y agoThere's no federal tax penalty anymore as part of trumps tax cut. Some states are enacting state tax penalties now though