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View Diary: It's not 47% anymore (103 comments)

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  •  Suggested revision (4+ / 0-)
    Recommended by:
    Roadbed Guy, chujb, llywrch, bartcopfan

    You've written:

    It's true that 14.4 percent pay neither income taxes nor payroll taxes. Nearly 10 percent of those are elderly.
    Perhaps you mean this, but perhaps not.  Do you mean 10 percent of 14.4 percent of the larger population?  Or, in other words, 0.1 X 14.4 = 1.44 percent?

    Or do you mean 10 percent of the larger population, which constitutes a large part of the 14.4 percent who don't pay taxes?

    If it's the latter, you might want to revise that to state it this way:

    It's true that 14.4 percent pay neither income taxes nor payroll taxes. Over 69 percent of those 14.4 percent are elderly.
    Because 10/14.4 = 69.444... percent.
    •  in the image (0+ / 0-)

      it is 9.7% of the entire population.  Though I wonder how they treat children.  Probably they mean households so 2 married people filing jointly would count as one 'person', but their children might still have to file separate tax returns and pay taxes though most probably don't need to either file or pay taxes.

      •  Children are not taxpayers (0+ / 0-)

        for the most part, so I wouldn't think that would be significant. Most are not eligible to work.

        "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

        by Alice in Florida on Thu Aug 29, 2013 at 09:19:22 PM PDT

        [ Parent ]

        •  Newt thinks otherwise. (1+ / 0-)
          Recommended by:
          Ahianne
        •  As a former part time tax preparer, (0+ / 0-)

          I was taught in company training about the "kiddy tax" meant to hide parental income in the child's name.  Basically (I forgot the numbers, but they have probably changed anyway),  if a child has little or no earned income (possibly too young to get a job), but a great deal of INVESTMENT income, because Mom and Dad put a big chunk of capital in the child's name, the child has to pay the PARENTS' rate on that income, without of course getting the personal exemption (since the parents take that because the child is their dependent).

          So a child who is being used to hide parents' income IS a taxpayer.  Likewise for the less frequent case of child actors and models, of course (I wonder who does Honey Boo Boo's taxes?).

    •  Agreed. 9.7/14.4 = ~67.4 percent, not 10. (0+ / 0-)
      It's true that 14.4 percent pay neither income taxes nor payroll taxes. Nearly 10 percent of those are elderly.  (emphases added)

      "Push the button, Max!" Jack Lemmon as Professor Fate, The Great Race

      by bartcopfan on Fri Aug 30, 2013 at 12:07:51 PM PDT

      [ Parent ]

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