mrstickball on 13 December 2011
| lordmandeep said: Also in the US isn't it true that many do not pay taxes at all?
I assume the 46 million Americans in poverty do not pay any income taxes... |
From the Tax Foundation, the bottom 50% have an effective federal tax rate of 2.5%. However, there may discounts and refunds that likely drop that rate. So then, the only taxes paid are usually sales tax (when applicable), and payroll taxes, which are for pensions.
Back from the dead, I'm afraid.
