Wednesday, February 24, 2016

No Skin in the Game aka The Free Loader Class: 45 percent of Americans pay no federal income tax

There’s no reason why everyone who is blessed to live in this country should pay something, even if it’s as little as 5%.
NY Post reports 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 percent 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.)

More here