Who pays taxes… and who doesn’t?
A recent report from the Associated Press revealed that 47% of American households pay no taxes. None. Zip, zilch, nada.
In fact, if you are in a family of 4 making less than $50k per year, you end up owing nothing.
If this fact has you a bit peeved after stewing over your taxes for the last several weeks, keep reading, it gets better.
The bottom 40% of households will actually make money off Uncle Sam this year. Put another way, they don’t pay taxes, yet they still get a check in the mail from the U.S. government. It’s really not a refund, since they don’t have anything withheld to return.
So all the infrastructure that we all take advantage of (military, interstate, national airspace system, postal service, etc), regardless of income; 50% of American households pay not only for their share, but the other 50% of households share as well.
Think about this: If you owe money this year, you may as well give half of what you owe to your neighbor. He’ll get it anyway.
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47% not paying taxes at all. Although that number is astonishing, I can actually believe it. In hindsight none of this feels right. Might as well donate half of your earnings to a charity or as you pointed out…your neighbor.