Thursday, June 23, 2005

Oh Gosh! Guess Who Pays NO Taxes?


Fully 32.4 percent of Americans paid no taxes at all for tax year 2004, up from 25.2 percent in 2000, according to a new report from the Tax Foundation. Before you start screaming about the rich shirking their fair share of the federal tax burden, know this:

The people who don't pay taxes are primarily low-income, young, female-headed households who work part-time and are beneficiaries of the $1,000 per-child tax credit or the Earned Income Credit.

Tax Foundation economists say that the 32.4 percent who pay no taxes after they took advantage of perfectly legal tax credits and deductions translates into a record 42.5 million Americans.

But it doesn't end there.

Approximately 15 million individuals and families earned some income in 2004, but it was so little they didn't have to file a tax return. That brings the total to 57.5 million who pay nothing. And we're not done yet.

One tax return often represents several people so when the dependents are included in this no-tax sum, it amounts to roughly 120 million Americans or 40 percent of the U.S. population.

And that doesn't count the millions who paid just a very small amount in taxes.

Here's the rub, according to the Tax Foundation: We have become a nation divided. There is an ever-growing class of people who pay no taxes and a shrinking class of people who do.

Who are the non-payers?

Fully 91 percent of them earned less than $30,000 annually and 96 percent earned less than $40,000. They are young with more than a third under 25 and 54 percent younger than 35. More than half are single women or families where the primary wage earner is a woman.

Fully 79 percent are white, 16 percent are African American and 3.2 percent are Asian Americans. (Hispanic Americans are not included in the racial category since Hispanic individuals can be of any race. When they are included as such, 15 percent of those who paid no taxes are Hispanic.)

What does this mean?

The Tax Foundation says the findings raise serious questions about the future of the U.S. income tax system.

The above found here on the web

Share this post by email with a friend, click on white envelope below.

The incentives to allow downtown kids to commit more and more crime, get addicted to alcohol and drugs, and for certain segments of the population in the US to get shoddy education, have their families ripped apart, to live a low quality of life, and be offered separate and unequal services, rights, and opportunities WILL BITE THE US IN THE ASS.

The short term cash incentives for states to be immoral to get Federal Tax Dollars has to stop.

Families being broken up and immorality is good for states in the short term taxes, fees, fines, and property confiscation, but is selling America's soul in the long term.

States get about $74/inmate/day to lock citizens up. So you can see why more and more jails are popping up and more and more citizens are being incarcerated on more and more lame excuses.

Men are targets for federal dollars for restraining orders issued, being arrested, etc.

States may get $90,000 or more in Federal dollars to take kids away from their parents.

Corporations can covertly bribe politicians and influence elections. Independent Americans, Small Business Owners, and Downtown property investors are all victims of the corruption and greed.

Those exposing the greed in corruption are threatened, harassed, arrested, imprisoned, and ruined for life.

-Steven G. Erickson aka Vikingas


Post a Comment

Links to this post:

Create a Link

<< Home

View My Stats