United Nations report on the US

[Megiddo]

irstupid said:

Megiddo said:

That's what $0 taxable income means. You owe no taxes so you get all the money withheld back.

If your AGI minus deductions is greater than 0 then you are paying taxes. It's simple math. If you are not getting everything that has been withheld then you are paying taxes.

That is a simple way of looking at it. There are many other factors though and credits that affect it as well. Many people can have an above $0 AGI and get back not only everything they paid in, but even more. Some common credits that result in this are the Earned Income Credit and whatever they name the credits for college kids.

True, I guess I should say if AGI minus deductions is greater zero and the percentage owed in taxes is more than your tax credits then you are paying taxes.