Exactly how do you figure that the "vast majority of Americans don'y pay net taxes"?
Even those with incomes under $10k average an 8.33% tax rate when you consider income tax + social security + medicare + unemployment - EITC - food stamps, etc...
| Income bracket |
Average income per tax return |
% of total federal tax burden |
Effective tax rate |
| <$10k |
$4242 |
0.42% |
8.33% |
| $10k-20k |
$14958 |
1.60% |
7.30% |
| $20k-30k |
$24872 |
3.80% |
12.58% |
| $30k-40k |
$34876 |
5.80% |
16.28% |
| $40k-50k |
$44580 |
6.50% |
17.81% |
| $50k-75k |
$60787 |
16.70% |
20.26% |
| $75k-100k |
$86302 |
14.70% |
22.78% |
| $100k-200k |
$130357 |
23.0% |
25.07% |
| >$200k |
$501290 |
27.5% |
28.19% |
Just because someone isn't paying high income taxes doesn't mean they aren't getting taxed elswhere. The income tax is highly progressive, but there are some highly regressive taxes out there as well...