•−•  ••−•    −•−•  •−  ••−•  •
RF Cafe Morse Code >Hear It<

Job Board

About RF Cafe™


RF Cafe Software

RF Cascade Worbook
 RF Cascade Workbook 2005 - RF Cafe
Calculator Workbook
RF Workbench
Smith Chart™ for Visio
Smith Chart™ for Excel
RF & EE Symbols Word
RF Stencils for Visio

Your RF Cafe
Progenitor & Webmaster

Click here to read about RF CafeKirt Blattenberger

Carpe Diem!
(Seize the Day!)

5th MOB:
My USAF radar shop

Airplanes and Rockets:
My personal hobby website

Equine Kingdom:
My daughter Sally's horse riding website

The Nontaxpaying Affluent Grew by 15% in One Year - RF Cafe Forums

The original RF Cafe Forums were shut down in late 2012 due to maintenance issues. Below are all of the old forum threads, including all the responses to the original posts.

-- Amateur Radio
-- Anecdotes, Gripes & Humor
-- Antennas
-- CAE, CAD, & Software
-- Circuits & Components
-- Employment & Interviews
-- Miscellany
-- Swap Shop
-- Systems
-- Test & Measurement
-- Webmaster

 Post subject: The Nontaxpaying Affluent Grew by 15% in One Year
Posted: Fri Jul 01, 2005 12:44 pm 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 451
Location: Erie, PA

Here is a headline from the New York Crimes that might frost you a little.

The Nontaxpaying Affluent Grew by 15% in One Year
http://www.nytimes.com/2005/07/01/natio ... nted=print

Before you get too outraged, however, note that the top 2% of income earners paid a whopping 53.5% of all income taxes according to the article.

Not mentioned in the article, but reported by the IRS, is that there is another group of earners that pay no income tax at all and they make up the bottom 1/3 (approx.) of the working population. Even so, they are productive members of our society because they do work.

Finally, a group that that is never factored into the equation is the one that neither pays any tax nor is productive to society: the welfare class.

- Kirt Blattenberger :smt024

 Post subject:
Posted: Mon Jul 18, 2005 4:46 pm 
User avatar

Joined: Mon Jul 18, 2005 4:31 pm
Posts: 38
Location: Baltimore, MD
Interesting article. Since the people actually FILED their tax returns, though, I would have to assume that they reasonably complied with the tax laws. If so, they genuinely did not owe any taxes despite their high income.

The ones you have to worry about (at any income level) are the ones who don't file at all.

I don't think that non-taxable municipal bonds mentioned in the article could be the big reason why these people did not owe any tax. They would probably have been hit with the Alternative Minimum Tax if so.

I suspect that a sizeable percentage of them actually live and work overseas. Then, there is an earned income exclusion and tax credits for foreign taxes paid. It could be that a lot of those people paid very high taxes, just to other countries besides the US. Coincidentally, 2002 is when a lot of contractors would have been heading to Afghanistan for reconstruction. And I'll bet they get a nice salary working there. (Deservedly so.)

Posted  11/12/2012

Try Using SEARCH to Find What You Need.  >10,000 Pages Indexed on RF Cafe !

Copyright 1996 - 2016
Webmaster:  Kirt Blattenberger, BSEE - KB3UON
Family Websites:  Airplanes and Rockets | Equine Kingdom

All trademarks, copyrights, patents, and other rights of ownership to images
and text used on the RF Cafe website are hereby acknowledged.