Quote:
Originally Posted by ASTalumna06
So every family making a total of $ 40,000 is paying taxes?
Ok.....
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If a married couple is making $40K, they have to have 6 kids or extreme medical bills or some other bizarre circumstance to not pay any federal income tax.
Realistically, every family is paying taxes, be it state income tax, state sales tax, federal taxes on gas, cigarettes, alcohol, social security and medicare pay roll taxes, local property taxes, city income tax, etc.
You really can't ever say "every family making xxx is paying taxes". There are people making hundreds of thousands who aren't paying taxes because they have the ability to use every loophole in the tax code. A family making $40K is barely making it in most geographic regions, unless someone has given them a free house (inheritance, gift from parents, etc.) But yes, the vast majority of people of making $40K are paying federal income tax.