47% will pay no federal income tax

[opebo]

Hah, I would have guessed that Rice was infested with right-wingers, but then I guess most economics departments are.

The disturbing part about the report is that some 30% of under-50,000 people actually owe federal income tax.  Lets hope that's just singles with no dependents making nearly 50K, but still, one would hope they wouldn't owe much.

We need more privilege reduction.

[opebo]

I'm a single with no dependents that'll make around $28k, and I agree I'll probably have to owe something. I've already paid in over $2000 in federal in the year so far and I know I'm not getting it all back. I agree with you that's extremely disturbing opebo.

It would certainly be better for the economy to eliminate whatever taxation you do pay, and add it to the privilege reduction of, say, a Torie, a Fuzzyfestoon, or a Sam Spade.

[opebo]

How do 6000 people with income over $1 million manage to owe zero tax?

Because some people are so rich that they can afford to give away more than they make in charitable donations.

I suspect that should be typed 'give away', as in most cases such people give to their own 'charitable organizations'.