taxation

[BigV]

Originally Posted by Pico and ME

At what income does it stop being a profit?

....


This is a confusing question, ME.

let me try to recast it.

maybe:
People make a profit from our tax system when they get money back from the government.

That could happen at practically any level of income, though the higher the income, the greater the size and number of deductions needed to offset that income and achieve a "negative tax rate", ie a refund. We need a bigger discussion about deductions, especially about tax credits, a special kind of tax deduction.

OR

People who get a check from the government make a profit.

This is much less likely to be true. For example, I get a check practically every year, but I promise I'm not making any profit. I get a check as a refund of my overpayment through the year by way of my payroll withholding.

OR

something else... I don't understand, sorry.