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      04-18-2010, 01:39 PM   #5
Bootleggin' 'n Gunrunnin'
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Drives: 2010 e70 X5 35d
Join Date: May 2007
Location: Renton, WA

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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.
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....