In Reply to: Re: Mẹ Nấm posted by Lz on Sep 29, 2020 at 20:52:23:
"Approximately 75.5 million or 43.3% of tax-filing households don’t pay any federal income tax, according to estimates from the Tax Policy Center, a nonprofit joint venture by the Urban Institute and Brookings Institution, which are Washington, D.C.-based think tanks. That’s below the 50% peak during the Great Recession.
An important caveat: Those people obviously still pay sales tax, property taxes and other taxes.
They take personal exemptions, the standard deduction, zero bracket amounts, and more recently, tax credits. But for the most part, they don’t earn enough money, and many people who work and who don’t owe any federal income taxes still give money to Uncle Sam, because money comes out of their paychecks for Social Security and Medicare. “The large percentage of people who don’t owe federal income tax is a feature, not a bug, of the revenue code,” according to the Tax Policy Center."