{"id":76893,"date":"2020-09-28T12:12:51","date_gmt":"2020-09-28T09:12:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why\/"},"modified":"2020-09-28T12:12:51","modified_gmt":"2020-09-28T09:12:51","slug":"trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why\/","title":{"rendered":"#\n  Trump reportedly paid no federal tax in 10 of the last 15 years: 75 million of U.S. households pay no federal income tax \u2014 here\u2019s why"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a232518392c0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a232518392c0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why\/#The_Tax_Policy_Center_estimates_how_many_people_paid_no_federal_individual_income_taxes_in_2020\" >The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why\/#President_Donald_Trump_talks_to_reporters_before_leaving_the_White_House_October_15_2018_in_Washington_DC\" >President Donald Trump talks to reporters before leaving the White House October 15, 2018 in Washington, DC.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/trump-reportedly-paid-no-federal-tax-in-10-of-the-last-15-years-75-million-of-u-s-households-pay-no-federal-income-tax-heres-why\/#Quentin_Fottrell\" >Quentin Fottrell<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Trump reportedly paid no federal tax in 10 of the last 15 years: 75 million of U.S. households pay no federal income tax \u2014 here\u2019s why<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_Tax_Policy_Center_estimates_how_many_people_paid_no_federal_individual_income_taxes_in_2020\"><\/span>\n  The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"FB7148CA-015F-11EB-8F9B-BA4609ED65C8\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n            full-width\n            \n    \n          \n  article__inset\n        article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-20181016184938\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:56.2121%;\" data-mobile-ratio=\"56.2121%\" data-layout-ratio=\"56.2921%\" data-subtype=\"illustration\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/MB\/MW-GR889_18trum_20181016184938_MB.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7 140w,\nhttps:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/MG\/MW-GR889_18trum_20181016184938_MG.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7 540w,\nhttps:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/ZQ\/MW-GR889_18trum_20181016184938_ZQ.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7 620w,\nhttps:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/ZH\/MW-GR889_18trum_20181016184938_ZH.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7 860w,\nhttps:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/ZG\/MW-GR889_18trum_20181016184938_ZG.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/ZQ\/MW-GR889_18trum_20181016184938_ZQ.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7\" data-enlarge=\"https:\/\/ei.marketwatch.com\/Multimedia\/2018\/10\/16\/Photos\/ZG\/MW-GR889_18trum_20181016184938_ZG.jpg?uuid=c2ce2aca-d195-11e8-8459-ac162d7bc1f7\" alt=\"\" title=\"President Donald Trump talks to reporters before leaving the White House October 15, 2018 in...\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"President_Donald_Trump_talks_to_reporters_before_leaving_the_White_House_October_15_2018_in_Washington_DC\"><\/span>President Donald Trump talks to reporters before leaving the White House October 15, 2018 in Washington, DC. <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       President Donald Trump paid no federal income tax in 10 of the past 15 years due to massive business losses, and just $750 in federal taxes in 2016 and 2017, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/interactive\/2020\/09\/27\/us\/donald-trump-taxes.html?fbclid=IwAR3YKikcfnO-Kor_FFE17sboSl7OxlDls4YqG-TUjsgtMgbP9-cPBQTnpl4\" class=\"icon none\">the New York Times reported on Sunday<\/a>. The paper said it had acquired more than two decades\u2019 worth of tax-return data from Trump and his business organization, though it does not include his personal tax returns for 2018 and 2019. The paper said more findings from his taxes will be published in the coming weeks.<\/p>\n<div class=\"paywall\">\n       It added that Ivanka Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.\u201d Even while declaring losses, Trump reportedly took tax deductions on what most tax payers would regard as personal expenses, \u201cincluding residences, aircraft and $70,000 in hairstyling for television,\u201d the Times reported. <\/p>\n<p> On Sunday, Trump <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1310432401454235650?s=20\" class=\"icon none\">tweeted<\/a><br \/>\n        TWTR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203180645\/composite\" class=\"positive\">+1.62%<\/bg-quote><br \/>\n      : \u201cFAKE <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">NEWS<\/a>!\u201d<\/p>\n<p>But what about the rest of Americans? Who pays no federal tax? <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>roximately 75.5 million or 43.3% of tax-filing households don\u2019t pay any federal income tax, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.taxpolicycenter.org\/model-estimates\/tax-units-zero-or-negative-income-tax-liability-september-2018\/t18-0128-tax-units\" class=\"icon none\">according to estimates from<\/a> the Tax Policy Center, a nonprofit joint venture by the Urban Institute and Brookings Institution, which are Washington, D.C.-based think tanks. That\u2019s below the 50% peak during the Great Recession. An important caveat: Those people still obviously pay sales tax, property taxes and other taxes.<\/p>\n<p><strong><\/strong>They take personal exemptions, the standard deduction, zero bracket amounts, and more recently, tax credits. But for the most part, they don\u2019t earn enough money, and many people who work and who don\u2019t owe any federal income taxes still give money to Uncle Sam, because money comes out of their paychecks for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security and Medicare. \u201cThe large percentage of people who don\u2019t owe federal income tax is a feature, not a bug, of the revenue code,\u201d according to the Tax Policy Center.<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetPullQuote\n          inline\n  article__inset\n        article__inset--type-InsetPullQuote\n          article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span><br \/>\n        Many low- and below-average-income families pay more in payroll taxes than they pay in federal income taxes.<br \/>\n        <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       Many low- and below-average-income families pay more in payroll taxes every year than they pay in federal income taxes, according to Gary Burtless, a senior fellow at the Brookings Institution, a centrist research group founded in 1916. For the most part, he said the U.S. individual income tax is progressive, with much heavier tax liabilities as you move up the income distribution, and very low or negative income tax liabilities at the bottom of the income distribution.<\/p>\n<p> Don Fullerton, a professor of finance at the University of Illinois at Urbana-Champaign, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.taxnotes.com\/tax-notes-today-federal\/social-welfare-taxation\/how-long-do-47-percent-pay-no-tax\/2019\/08\/21\/29qjw?highlight=don%20fullerton\" class=\"icon none\">analyzed the Tax Policy Center figures<\/a> more closely. \u201cOlder individuals are much more likely than younger individuals to pay no tax or to receive transfers,\u201d he said. \u201cIn fact, they receive the bulk of transfers because of their receipt of Social Security benefits.\u201d He found that 11% of people aged 25 to 55 pay no federal income tax versus , while 48% of those above 55, and 80% of those 75 or older. <\/p>\n<p>\u201cYounger individuals are more likely to receive transfers other than Social Security, largely because of unemployment insurance benefits that accrue only to working-age individuals,\u201d Fullerton added. Non-Social Security transfers are received by 11% of those under 60, and 6% 60 or older. Those under 60 who receive transfers receive an average of $4,734, while those 60 and older receive average annual benefits of $9,977. \u201cSocial Security benefits account for the bulk of the difference.\u201d<\/p>\n<p>\u201cThe progressive rate structure of the federal income tax system compresses the after-tax income distribution, so it effectively makes the income tax work like insurance,\u201d Fullerton wrote. \u201cWe pay a premium \u2014 owing more tax in good years \u2014 to retain a higher fraction of our income in bad years. How we value this insurance aspect of the income tax system can depend on how often we find ourselves not owing federal income tax.\u201d<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetPullQuote\n          inline\n  article__inset\n        article__inset--type-InsetPullQuote\n          article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span><br \/>\n        Older individuals are much more likely than younger individuals to pay no tax or to receive transfers.<br \/>\n        <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       \u201cAlthough substantial shares of the U.S. population do not owe tax or do receive transfers in a given year, only a small subset of those individuals remain in those states,\u201d he added. \u201cNearly half of individuals not owing tax will pay taxes within two years, and roughly four-fifths have paid tax within 10 years. Of those who receive transfers other than Social Security, almost half do not receive those transfers the following year, and nearly 90% have stopped receiving the transfers six years later.\u201d<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p> How do voters feel about this? All but the top 20% of families pay <em>more<\/em> in payroll taxes than in federal income taxes, according to Treasury Department data, cited by the Pew Research Center, a nonpartisan think tank in Washington, D.C. Some 64% of Republicans and Republican-leaning independents say the current U.S. tax system is \u201cvery or moderately fair,\u201d while just half as many Democrats and Democratic leaners (32%) view the tax system as fair, the 2019 survey found. <\/p>\n<p>Only about a third of Americans approve of Trump\u2019s 2017 tax revamp. \u201cWhile increasing shares of Democrats say they are bothered \u2018a lot\u2019 by the feeling that some corporations and wealthy people do not pay their fair share in taxes (79% of Democrats say this), Republicans\u2019 concerns over these issues have lessened,\u201d Pew said. \u201cToday, 42% of Republicans say they are bothered a lot by the feeling that some corporations do not pay their fair share of taxes (down from 55% in 2015).\u201d<\/p>\n<p>Of the 2017 Tax Cuts and Jobs Act, higher-income taxpayers reaped the largest tax savings. Their individual tax rates were significantly reduced. But it spelled bad news for those living in a high-tax state and who have a high amount of home-mortgage debt: The tax revamp imposed new limitations on itemized deductions for state and local taxes, and home-mortgage interest expense; 32% of those earning less than $30,000 got a tax cut versus 89.5% of those earning $100,000.<\/p>\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetCommentingPromo\n            \n            inline\n  article__inset\n        article__inset--type-InsetCommentingPromo\n            article__inset--inline\n  \"><\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Quentin Fottrell\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Quentin_Fottrell\"><\/span>Quentin Fottrell<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7BFB7148CA-015F-11EB-8F9B-BA4609ED65C8%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Trump reportedly paid no federal tax in 10 of the last 15 years: 75 million of U.S. households pay no federal income tax \u2014 here\u2019s why &#8221; The Tax Policy Center estimates how many people paid no federal individual income taxes in 2020 President Donald Trump talks to reporters before leaving the White House&#8230;<\/p>\n","protected":false},"author":1,"featured_media":76894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-76893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/76893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=76893"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/76893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/76894"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=76893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=76893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=76893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}