Tax rates

I’d been wondering who those 46% who don’t pay federal income taxes are. Here’s a break-down. In short, 23% are at or below the poverty line, 7% get deductions related to cost-of-living (e.g. earned income tax credit, child credit) that push their taxable income below the line, 10% are retired. That leaves 6% in the “other” category.

I find it mind boggling that, here in the USA, 30% of people are struggling to make ends meet.

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