Almost half of all Americans pay no income tax

There are so many breaks that 45 percent of U.S. households will pay no federal income tax for 2010, according to estimates by the Tax Policy Center, a Washington think tank.

The sheer volume of credits, deductions and exemptions has both Democrats and Republicans calling for tax laws to be overhauled. House Republicans want to eliminate breaks to pay for lower overall rates, reducing the top tax rate from 35 percent to 25 percent.

Also, there are millions of Americans who pay no taxes but get a refund anyway.
This redistributive policy doesn’t get a lot of media attention as you would expect.
Newsmax reported on this socialist feature to the US tax code in 2005.

A married couple with three children and $40,000 in income can take a $9,700 standard deduction and $15,500 in personal exemptions, bringing their taxable income down to $14,800. They would owe $1,505 in taxes.

But with three children, they would get $3,000 in child credits, leaving them with no taxes owed – and a $1,495 refund check.

So in today’s America you can actually receive more back from the government than you paid in during the year. That’s socialism.

So U favor Huckabees and others flat tax or no Income , add a FED sales tax ?

JUST HENRY wrote:

So U favor Huckabees and others flat tax or no Income , add a FED sales tax ?

Yes I would like to see a flat tax implemented provided the federal income tax would be eliminated.

Yes it would have to go that route .

And the talk of revamping the fed gas tax is not right either , a milage driven tax HAS got to be put in place , gas usage is not going to cover road & bridge upkeep as more people drive as encoured like CJ , but A PER GALLON MUST not continue then cannot have both !

The Obama' are geting 12k & change back on 1.7m earnings .

JUST HENRY wrote:

Yes it would have to go that route .

And the talk of revamping the fed gas tax is not right either , a milage driven tax HAS got to be put in place , gas usage is not going to cover road & bridge upkeep as more people drive as encoured like CJ , but A PER GALLON MUST not continue then cannot have both !

The Obama' are geting 12k & change back on 1.7m earnings .

Problem is that every country that has adopted a flat tax has also continued to have an income tax.