Skip to content

Comment on US Historical Income Tax Ratesparent

Comments

This is already the case and has been for quite some time. The table depicted at the link is shows tax rates before deductions. Think of it as a "top line" or "nominal" tax rate. People making under $20k (and more) have an effective tax rate of $0 in the USA.

As Mitt Romney pointed out in 2012 [1]: "Forty-seven percent of Americans pay no income tax."

[1] https://www.politifact.com/factchecks/2012/sep/18/mitt-romne...

With the earned income tax credit, many people at that income level "pay" negative income tax.

It is often negative.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.