45% of Americans pay no federal income tax

Meet Loot and Extortion.
Meet Loot and Extortion.

Many people even actually get tax credits, that is money in their pockets from the money extracted from taxpayers by the IRS.

I have little problem with people not being legally obligated to pay taxes. Taxes should have minimal impact on people’s lives. The smaller the tax bill the better for everyone.

But some of us must pay taxes. Many of us who fall into this camp are by no means rich, and most of us don’t get military pensions, or government employee pensions, or disability, or benefit from other government programs or carve outs, we just pay taxes. There is no circular taxation cycle for us. It’s just a net outflow. Often a very significant part of our income.

If there is any issue which deserves scrutiny it is the tax code. It is a travesty. But nearly half of Americans don’t have to pay any taxes (again this is generally a good thing) and many more get government benefits on top of not having to pay taxes. There is absolutely no incentive to reduce tax levels for these folks.

Indeed we often hear some people talk about the “rich” paying their “fair share.” But you know who pays their fair share plus some? The private sector middle class which must put their kids through school, which must pay the mortgage, which must put some money away for retirement because they don’t have a pension.

Some of us are even business owners and we must pay the full payroll tax on any money coming in.

If you don’t have to pay taxes I say God bless you. But understand why so many of us feel so jacked.

(From MarketWatch)

Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year.

An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)

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