BrainKing - Discussion boards (Politics)

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Politics

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9. August 2011, 11:28:47

Mort

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Subject: Re:

Artful Dodger: You quoted a paper saying.. "52% .. positive income liability"

You quote another paper saying..

"Just 54 percent of all tax units will pay federal individual income tax in 2011, leaving about 46 percent paying no federal income tax or receiving a net refund."

and ... "Of the 38 million tax units made nontaxable by the addition of tax expenditures, 44 percent are moved off the tax rolls by elderly tax benefits and another 30 percent by credits for children and the working poor (see chart 2 and table 2). The other six groups of tax expenditures have much less impact, each making 6 percent or fewer units nontaxable."

Please explain.