More americans livjarvees.coming in poverty were not, according to the data, spending more money on their health care. In fact, a significant number of Americans were not even paying the health care bills they owed.
This data points to one fundamental fact: People who were paying less of a portion of their incomes in taxes were having a much larger impact on government spending than people who paid as little tax as possible, on average, according to the study.
„Our conclusion is clear,“ said the study’s author, former economist Richard Herrnstein.
The study examined about 500 data sets collected over two decades through 2014, collecting data from the IRS, Department of Homeland Security and other government agencies.
In 2015 the study added a number of new data sources, including annual survey results from the Census Bureau, tax reports, individual reports for individuals (such as wages and income), state and local government reports and census data, which have been used by researchers for many years.
According to the authors, the analysis found that of the 437,000 Americans who claimed either tax deductions or credits (both federal and state), about 21 percent had no income, 24 percent had no credits and 12 percent did not claim any tax deductions or credits. And of those claiming credits, only 10 percent said they had paid taxes that year — the fewest perc우리카지노ent of all taxpayers.
„There were no outlays in the form of charitable contributions that were less than $500 at any one time,“ Herrnstein told the Wall Street Journal. „We found that taxpayers were paying about half of all of their medical expenses in income tax.“
That is something the United States spends billions of dollars yearly on — health care alone. The federal government spends approximately $1.4 trillion annually on Medicare and health care for the elderly and disabled. According to the United Nations, the population aged 15-64 has reached 7.5 billion, and that number is expected to hit 9.8 billion b우리카지노y 2030.
What’s more, even with the tax cuts that Congress passed in 2013 that boosted the average tax payer’s return to a higher level (from 37.9 percent to 40.2 percent), the authors concluded that the impact of these policies was modest at best — in the range of 6-10 percent.
„I would have expected that a substantial number of tax cuts to be offset by a substantial number of tax cuts to the poor,“ said study co-author Jason Furman, chairman of President Obama’s Council of Economic Advisers