View Single Post
      04-18-2010, 01:39 PM   #5
scollins
Bootleggin' 'n Gunrunnin'
scollins's Avatar
No_Country
36
Rep
2,344
Posts

Drives: 2010 e70 X5 35d
Join Date: May 2007
Location: Renton, WA

iTrader: (3)

Quote:
Originally Posted by Zell View Post
I don't care about them being here in general. I care if they pay taxes. There is no such thing as a free lunch. People that don't pay taxes = not cool.
Sadly, there is plenty of "free lunch" out there. 47% of households paid ZERO federal income taxes for 2009*, after all deductions, credits and exemptions were counted. Of those, quite a few actually got back more money than they had withheld. So not only is there "free lunch" but some have been paid in addition to their "free lunch"!!

*Now, this does exclude the taxes they pay for Social Security and Medicare (7.65% employee paid), but we ALL pay those taxes, regardless of income levels.

Nealy Half of US Households pay no income tax


My wife is a CPA that does taxes. She's prepared (grumpily) a few of those tax returns where the filer not only gets all their withholding back, but the other credits too so they got back more than they paid in.
__________________
Scott
2010 E70 X5 35d
Alpine White on Black with Dark Bamboo trim
ZAP | ZCW | ZPP | ZPS | ZRC | ZTP | 322 | 328 | 330 | 386 | 4AZ | 4UB | 655 | 6FL | 6NF
2008 Ducati 1098S Red naturally....