- Apr 15, 2016
- 31,491
- 12,380
Paying taxes is punishment? Given that asinine axiom, the poor and middle class must be doing something terribly wrong.
Really? Why then is this a FACT you ignore? Why should anyone get a free ride in this great country?
45% of Americans pay no federal income tax
Published: Apr 18, 2016 1:58 p.m. ET
77.5 million households do not pay federal individual income tax
The number of individuals and married couples paying no federal income tax has risen to 45.3 percent — up five percentage points from the Tax Policy Center’s original estimate two years ago.
The TPC forecasted in 2013 that the number of households not paying federal taxes would fall to 40.4 percent, crediting an improving economy and the expiration of temporary tax cuts designed to stimulate the economy.
New data from Joint Commission on Taxation led the TPC to cut the number of people paying federal income taxes by 3.9 million. In total, 77.5 million individuals and married couples — or tax units. as they are defined by the TPC — won’t pay income tax this year out of a total of 171.3 million. The previous estimate was for 66.2 million out of 163.8 million tax units not paying income tax in 2015.
A project of the Urban Institute and the Brookings Institution, the TPC believes the number of people paying no federal income taxes will fall over time though not as quickly as was first thought.
In 2015, 45 Percent Of Americans Will Pay No Federal Income Taxes
Like JohnLaw, you really should educate yourself. Unless of course, you intend to make a fool of yourself again and, in that case, go for it!