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Tax question and somebody please correct me if I'm wrong.

Posted by on Dec. 9, 2010 at 2:22 PM
  • 6 Replies

People who make under $25,000 don't actually pay taxes. It looks like they do because the deductions come off on the pay roll check, but come tax time they get it all back. If they have dependants they may even get more back than they put in.

I am pretty sure that is right and if anybody has a link that pertains to this please post it.

I'm trying to settle an argument here.

by on Dec. 9, 2010 at 2:22 PM
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Replies (1-6):
kltinsley
by on Dec. 9, 2010 at 2:26 PM
Depends on their deductions and exemptions. The blanket statement that no one who makes $25k or below pays taxes, or gets everything back, is incorrect.
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babyfat5
by on Dec. 9, 2010 at 2:27 PM

So what is the amount that you get everything back even if you have no dependants?

kenziewenzie
by on Dec. 9, 2010 at 2:27 PM

I agree with kltinsley on this. 

kltinsley
by on Dec. 9, 2010 at 2:28 PM
Not sure.


Quoting babyfat5:

So what is the amount that you get everything back even if you have no dependants?


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kenziewenzie
by on Dec. 9, 2010 at 2:29 PM

I think your tax liablilty has to be zero for you to get everything back.  You can check out the IRS website.

babyfat5
by on Dec. 9, 2010 at 2:36 PM

Okay went to the IRS tax site. I played with the tax calculator and a person who makes $25,000 with no dependants, no tax shelters, nothing just strait up $25,000 will pay $1533 in taxes.

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