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Money and Finances
Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]40% of US households don't pay any net federal income tax. Zero. And I am sure they are among the ones calling for the others to pay more[/quote] Disingenuous. There's a 15% tax starting from their first dollar of income.[/quote] There's not even a 15% tax bracket in the US. 10% from $0-11,925 (single fileer), 12% $11,926 – $48,475 22%: $48,476 – $103,350. Where's this 15% you come up with? Standard deduction is $15,750 for single filer.[/quote] You don't seem to understand the tax system. Hint: there are income taxes that don't go by the name "income tax".[/quote] Not really. I wouldn't consider payroll taxes an "income tax" just because they are deducted from one's paycheck. [/quote]
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