http://www.taxfoundation.org/research/show/1410.html
During 2006, Tax Foundation economists estimate that roughly 43.4 million tax returns, representing 91 million individuals, will face a zero or negative tax liability. That’s out of a total of 136 million federal tax returns that will be filed. Adding to this figure the 15 million households and individuals who file no tax return at all, roughly 121 million Americans—or 41 percent of the U.S. population—will be completely outside the federal income tax system in 2006.1 This total includes those who pay no tax, and those who pay some tax upfront and are later refunded the full amount of the tax paid or more
It doesn’t include the payroll tax, which is really just another income tax. The money all goes into the same pot after the entitlement bills are paid.
In reference to the Tax Foundation link posted above: How does one get “negative” tax liability? I need to figure out how to get into THAT category.
JoMa
One more thing on the Tax Foundation link: Did anyone notice what state was LAST in the percentage of non-payers? It is Alaska. (Does anyone make a connection here with a certain VP candidate?)
Did you notice which state was #2? It is Louisiana. No wonder everyone cried after Katrina. Most of the state is on the doll of the federal government. I am curious why there was not a big backlash in Mississippi after Katrina since that state is #1. Maybe there was and it was just not reported by the MSM, but I doubt it.
JoMa