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Whenever Any Form of Government Becomes Destructive To These Ends,
It Is The Right of the People to Alter Or To Abolish It,
And To Institute New Government

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Monday, April 18, 2016

77 Million Households, 45% of Americans Pay No Federal Income Tax


From Market Watch:
Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year. 
An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.) 
Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.
There's nothing more unmanly than wanting other people to pay for your shit.
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posted by Pastorius at permanent link#

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