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nearly 50% of the population either doesn't pay any taxes and/or are primarily subsidized by government entitlements. Five Myths About the 47 Percent https://
by michaelchisari 8y ago
nearly 50% of the population either doesn't pay any taxes and/or are primarily subsidized by government entitlements.
Five Myths About the 47 Percent
https://www.brookings.edu/opinions/five-myths-about-the-47-percent/ https://www.brookings.edu/opinions/five-myths-about-the-47-p...
- paulddraper 8y agoThe more precise statement is that 45% of U.S. households pay no federal income tax. [1] [2] There are other kinds of taxes, such as sales tax, payroll tax, gas tax, etc. But talk about raising taxes usually focuses on income tax since nearly half of Americans don't pay it anyway. In fact, the top 1% of taxpayers pay 39% of the federal income tax burden. [1] https://www.forbes.com/sites/beltway/2015/10/06/new-estimates-of-how-many-households-pay-no-federal-income-tax/#46e2bb9e61cb https://www.forbes.com/sites/beltway/2015/10/06/new-estimate... [2] https://www.marketwatch.com/story/81-million-americans-wont-pay-any-federal-income-taxes-this-year-heres-why-2018-04-16 https://www.marketwatch.com/story/81-million-americans-wont-... [3] https://taxfoundation.org/summary-federal-income-tax-data-2017/ https://taxfoundation.org/summary-federal-income-tax-data-20...