Debunking Myths About Who Pays No Federal Income Tax

Posted: 2013/08/30 by Punkonomics (@dearbalak) in Links/Articles/Video
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Much has been made of the fact that nearly half of Americans paid no federal income tax in 2010. Some people interpret that statistic as saying that we are a nation of makers and takers, with the makers paying the taxes that support the takers. But the story is not that simple. This video explains who doesn’t pay income taxes and why, and notes that the share of non-payers is headed down to just a third a decade from now.

 

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