How to earn over $50,000 and pay no income tax
Get married and have two kids. Just one more thing, be typical. That is all you have to do.
More than one third of all income tax filers paid no federal income tax for the year 2008. When the returns for 2009 come in, the number will surely be higher. We are not talking about no additional tax with the return, we are talking about no tax, period. That means if tax was withheld from your pay check, either you got it all back in a refund or you did not make the list.
A typical family of four making less than $51,000 paid no tax at all for 2009 according to a report by The Tax Foundation. Furthermore, some of those non-payers got a “rebate” ( see my post on propagandic). In other words, some of your money, if you pay taxes, was given directly to someone who paid no taxes. This kind of rebate occurs only in the government sector. You cannot get a rebate on an automobile purchase unless you purchase an automobile.
It has been said that Democracy will continue to exist only until the majority of voters realize they can vote largesse for themselves from the government. Aristotle warned “If the majority distributes among itself the things of a minority, it is evident that it will destroy the city.” We are witnessing Democracy at the crossroads.