If that is correct, 83% of those who do not pay income tax don't really fit Mr Romney's characterisation, except in so far as his argument is that people who don't pay income tax aren't impressed by promises of income tax cuts.
And we have a huge number of working people who thankfully don't pay income tax.
Neither is aimed at the poorest Americans (most of whom, after all, don't pay income tax).
Also, your heirs won't owe income tax on withdrawals either though Roth assets are considered in calculating estate taxes.
This article, by the Washington Post's Ezra Klein, does show that 46% of US households don't pay income tax.
Or that a wage isn't income subject to tax, but merely an even trade of money for services rendered.
The main reason he "moved to Texas is because it doesn't have state income tax, " the outfielder told the Orange County Register last year.
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Digging deeper into why 47% don't pay federal income tax, what we find are many former taxpayers: Twenty-two percent are the elderly, living mostly on Social Security, a benefit they got by working and paying payroll taxes.
To keep things focused on essentials, we put the Ernest family in Texas, which doesn't have a state income tax.
There are millions of Americans who work full time and don't end up paying any income tax.
He promised the electorate that under New Labour they wouldn't have to pay more income tax.
Illinois, for example, doesn't make you pay state income tax on any conversions.
Currently, listed partnerships don't have to pay corporate income tax as an entity, but that would change, starting in 2020.
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We'll make sure that companies can't avoid paying tax on income they earn in the U.S. by pretending that they earned it in an overseas tax haven instead.
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There's a chance that the 2011 income tax rates won't be known by the end of 2010 and an even greater risk an estate tax deal won't get done this year.
The GOP proposal would deny the credit to most lower-income families who already get the Earned Income Tax Credit and who do not pay income tax because they don't earn enough.
That means middle-class families won't see an increase in their income tax rates.
Why, these corporations don't pay a blessed dime of income tax.
They've been pushing everything from hidden offshore accounts, bogus domestic trusts and discredited "tax protester" arguments (say, that the income tax isn't legal) to abusive insurance, deferred compensation and charitable deduction schemes.
However, if the Pritzkers could establish an arms-length relationship with the trust (by having it set up by a foreign citizen), then Uncle Sam wouldn't tax any of its income or capital gains.
In some editions, a Weekend Investor article Saturday about Mitt Romney's tax return incorrectly said the percentage of the sales price attributable to the home office wouldn't be eligible for the income-tax exclusion.
Because dividends will be taxed as ordinary income at the 39.6 percent top income tax rate, t he top MTR on dividends (including the health care tax and Pease) will nearly triple from 15 percent to 44.6 percent.
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And don't forget that the ObamaCare investment income tax surcharge of 3.8% also begins in 2013, so stock owners are going to be happy to hear that the new dividend tax rate could be 48% in the name of tax fairness.
If you rent it for no more than 14 days in a calendar year, you don't have to claim the income on your tax form.
There's been some criticism that, you know, the income tax rebates won't do much to help those at the very lowest end of the economic scale because they don't pay much in income taxes.
Under U.S. law, her Brazilian investment income shouldn't have counted toward her husband's income, but the couple kept paying tax on it.
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He says the majority of them can't be peeled off because they pay no income tax.
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