mint.com — Recent news articles have brought to light the fact that almost 47% of households in the US currently have zero or negative federal tax liability. We take a closer look at this lack of liability across each income level, highlighting the percentage in each range that will not pay any taxes.
Nov 17, 2009 View in Crawl 4
jburk6Nov 18, 2009
I should think onley 5% of the poulation would unerstand 12.6% of this graph. Where as 3% get 7.69%. I figure 99.9% population are gross. there should be a 7.8% tax on that.
uncleosbertNov 18, 2009
@ larsonal"But there is NO reason a person should be paying more than his percentage on the money that he earns."none that you know of, i suppose, but there really is a good reason to tax the rich at a higher rate. it's because a) that's where all the money is.i mean, look at the chart. the reason they pay so much in taxes is because their piles of cash make up so much of our net worth. if we tried to get it from the people who didn't have it, well... i think you can see where this is going. alabama is currently running a demonstration:<a class="user" href="http://blog.al.com/spotnews/2009/11/post_173.html" rel="nofollow">http://blog.al.com/spotnews/2009/11/post_173.html</a>and b) it's because it's not as oppressive as continuing to tax the people without any money. those people stand to lose their ability to earn wages when you tax them to the point where they can't afford gas to drive to work or car insurance.and you even state this at the end of your comment:"Its important to make sure those that do succeed don't feel like the system is dragging them down. Especially not to accommodate 47% of the population..."so their feelings are more important than other people's ability to work and live?that's an illuminating conclusion. and if you look at alabama, that is exactly what's happening. the wealthy are courted by politicians who promise to cut taxes, but the money must be made up somehow. so they take it from everyone else, and those cuts force more people into poverty, increasing their burden on the state's meager resources.<a class="user" href="http://www.montgomeryadvertiser.com/article/20091108/OPINION0101/911080308/JAMES-EVANS--System-perpetuates-poverty" rel="nofollow">http://www.montgomeryadvertiser.com/article/200911 ...</a>how is that not a death spiral?
aclbosoxNov 18, 2009
@gsmLibertarians are generally considered to be right wing or more of the republican variety.Still, in a chart representing who is paying income taxes, you go off on tangents about other taxes. This chart wasn't about the other taxes it was about income taxes, and how wrong they are in society. We need a more balanced system.
fr33th0tNov 20, 2009
The chart is predicated on liability, it clearly says so in the key.
Closed AccountNov 21, 2009
bla bla bla you illustrate perfectly why people should make their own choices and pay for their own stuff
ginnyannDec 6, 2009
This is exactly what we, as a country, need to be doing! Let's us argue intelligently to come to a solution that WORKS! Let us embrace our history, understand our present conundrum, investigate the current trends in reform, and debate to find the answer! Good debates produce true answers to hard questions. Anyone that says the debate should not happen or that one person is ignorant for posing an argument is automatically wrong, no matter what side they are on!A new documentary gives us the information to hold intellectual debates and is a "must-see". Check out the trailer, <a class="user" href="http://www.vimeo.com/aninconvenienttax." rel="nofollow">http://www.vimeo.com/aninconvenienttax.</a>
lohphatDec 21, 2009
That is the ugliest infographic (which my grandpappy would call "a chart") I've ever seen.
bigmanoncampusDec 23, 2009
Not commenting on good/bad of the IRS, but a flat tax wouldn't do much to change that info graphic. The percentages of total taxes paid would probably be similar.