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Originally Posted by bizi
why does the calculator only have single or family of four to pick from?frustrating. so do I pick family of four for jeff and I and add both of our incomes together? I never understood why people can get tax refunds when they don't pay taxes. IT is not fair.
bizi
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Hi, Bizi,
The calculator I linked to is a guess/estimate put out by the Keiser insurance company for people who are not already covered by insurance plans.
If you have insurance, this calculator does not affect you.
This article explains that about 53% of the people in the US pay no income taxes . . . mostly because their income level is low.
The other half doesn't pay taxes because of how the tax code was set up.
http://money.howstuffworks.com/only-...income-tax.htm
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Roughly half of Americans who pay no Federal income tax do so because they simply don't earn enough money. The other half doesn't pay taxes because of special provisions in the tax code that benefit certain taxpayers, notably the elderly and working families with children.
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My students get refund checks because they do not not make enough money according to the tax code.
My students DO pay direct taxes on
~Social security payroll taxes
~Medicare payroll taxes
~Fuel tax
~purchased goods (sales tax)
~lots of other
I understand.
Congress can make changes to the tax code.
M