Thread: Hey!! Who's pulling the Bandwagon????

Originally Posted by gssixgun

Yep thinking back over the last 32+ years of working I have never caught a Tax break... In fact the only deduction I ever claimed was the interest on my Home Mortgage when I had one...

Same here. We've been standard deduction for the last 20 years or so. Even with that my highest federal income tax was about 15% and Texas has no state income tax.

On a related note:
The GAO or Government Accountability Office, determined that the vast majority (66%) of 1.3 million corporations of all sizes, pay no federal income taxes. The largest corporations are more likely to pay taxes, but still, 25% of the 1000 largest U.S. corporations, those with over $250 million in assets or $50 million in sales, still failed to pay any taxes.
http://en.wikipedia.org/wiki/Corpora...mated_payments