Dec
17

Taxing Discussion

While 43% of the population pay no federal income taxes, down from 47% in 2010, two-thirds of that 43% pay payroll taxes, leaving just 14.4% of the population that pay no federal income or payroll taxes. Of those, two-thirds are elderly with incomes below $20,000/year and one-quarter are nonelderly with equally low incomes. The remaining 1.3% of the population includes big givers of charity, those with large medical bills etc….

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