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Income tax was supposed to be temporary. It shouldn't even apply to people making under a certain amount because they have very little disposable income. The fi
by ahallock 5y ago
Income tax was supposed to be temporary. It shouldn't even apply to people making under a certain amount because they have very little disposable income. The first say 50k, probably more, is eaten up pretty quickly by expenses. That's why so many people take out massive loans and go into credit card debt. I honestly think taxes like this are meant to subjugate what's left of the middle class and keep them from gaining financial traction.
- whimsicalism 5y ago61% of Americans paid no federal income tax in 2020.
- gruez 5y ago>Nearly 61% of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center. https://www.bloomberg.com/news/articles/2021-08-18/u-s-households-paying-no-income-tax-hit-61-of-total-last-year https://www.bloomberg.com/news/articles/2021-08-18/u-s-house... In other words, it's a one-off. Failing to mention that is highly misleading.
- legobmw99 5y ago43.6% in 2019 for anyone curious like me Source with both numbers: https://taxfoundation.org/us-households-paying-no-income-tax/ https://taxfoundation.org/us-households-paying-no-income-tax...
- stjohnswarts 5y agothanks you saved me from having to go look that up. Notice the person who posted that didn't also post how much of the wealth and revenue went to the upper 39% lol.
- cma 5y agoIt looks like they are including Puerto Rico (no federal income taxes)?
- tata71 5y agoFigures don't lie, but liars can figure.
- pessimizer 5y agoWhat percentage of those paid no payroll taxes?
- tmaly 5y ago16th amendment grants the government the power to directly tax natural persons. The only true way to make something temporary is to revoke said power.
- deleted 5y ago[deleted]
- conductr 5y ago> people making under a certain amount because they have very little disposable income Then let them file and report it and pay no taxes like the current system intends
- bumby 5y ago>Income tax was supposed to be temporary. Yes. But when it was temporary there were also very little in terms of federal social programs that people have become quite fond of. Do you propose we get rid of those safety programs along with the income taxes that help pay for them?
- genewitch 5y agoDisallowing corporations from putting their earnings in off shore banks and then taking low interest loans to pay for stuff in the US against their off-shore holdings. As an example. I.e. close all tax loopholes, and make the tax code more sensible, so that you're not forced to cheat or end up uncompetitive.
- chroem- 5y agoUnpopular opinion: it's not a social safety net if people stay on it as a lifestyle.
- beamatronic 5y agoGod forbid, we help 10 truly needful people at the cost of 1 person taking advantage.
- chefkoch 5y agothe good old welfare queen argument?
- throwaway0a5e 5y agoWelfare queens are a rounding error. Manufacturing a persistent underclass is the problem. There are tons of potentially productive members of society languishing because if they made any serious progress toward improving their lives they'd lose their benefits. The outcomes for children born into such households are... not great.
- kevingadd 5y agoI think "people who stay on it as a lifestyle" (how many is that, really?) are far less of a concern than the people who are stuck on it because even working 2-3 jobs isn't enough to climb out of poverty. Kroger and Walmart employees rely heavily on the social safety net, for example, and some of them are even homeless despite working (https://www.businessinsider.com/1-in-7-kroger-workers-homeless-many-food-insecure-rent-2022-1 https://www.businessinsider.com/1-in-7-kroger-workers-homele...)