The Tourist
Moderator
Juan, I'm sorry, but fully 50% of this country (yes, Americans) pay no tax.
Yes, you have to file. Yes, some is withheld. However if you do not make the minimum amount required to be taxed, your money is returned.
With deducts for children, business losses, your home, etc., you might be above that amount and still pay no tax.
Personally, I believe I was 27 years of age before I made enough money to not receive a full refund.
Contrary to popular belief, the upper 1% of wage earners provide most of the real wealth this country actually runs on.
If I remember correctly, about 18% of my yearly income can be subject to taxation. If I were in the upper echelon of tax payers, almost 40% of my wages would be subject to those same taxes.
And you wonder why the wealthy pay so much for tax advisers.
Anyone with a 'soak the rich' mentality has no idea how this country actually works--and who pays for it.
Yes, you have to file. Yes, some is withheld. However if you do not make the minimum amount required to be taxed, your money is returned.
With deducts for children, business losses, your home, etc., you might be above that amount and still pay no tax.
Personally, I believe I was 27 years of age before I made enough money to not receive a full refund.
Contrary to popular belief, the upper 1% of wage earners provide most of the real wealth this country actually runs on.
If I remember correctly, about 18% of my yearly income can be subject to taxation. If I were in the upper echelon of tax payers, almost 40% of my wages would be subject to those same taxes.
And you wonder why the wealthy pay so much for tax advisers.
Anyone with a 'soak the rich' mentality has no idea how this country actually works--and who pays for it.