Posts Tagged ‘The 47%’

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…