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Re:For the first time on record, the 400 wealthiest American... by rdl on Monday October 07, 2019 @01:09PM (#21183271)
Most of the bottom ~50% or so of households pay no (or negative) federal income tax, due to low income, EITC, various offsets for children, etc.
Re:For the first time on record, the 400 wealthiest American... by altoidaltoid on Monday October 07, 2019 @01:34PM (#21183609)
At the lower end, you need to factor in payroll taxes as well ( FICA )
Re:For the first time on record, the 400 wealthiest American... by guelo on Monday October 07, 2019 @08:48PM (#21187575)
Also things like sales taxes or even DMV fees can be significant percentages of lower income's taxes.