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June 20, 2005
Percentage of Americans Reporting Zero Tax Liability Is At All-Time High
The Tax Foundation reports that the percentage of Americans filing tax returns who report no tax liability has exploded in recent years and is at an all-time high:
One of the biggest obstacles facing President Bush’s Advisory Panel on Federal Tax Reform is the fact that America has become divided between a growing class of people who pay no income taxes and a shrinking class of people who are bearing the lion’s share of the burden.
Percentage of Filers Who Owe Zero Tax
Year
Owe Zero Tax
1950
28.0%
1955
23.3%
1960
21.2%
1965
20.6%
1970
20.1%
1975
25.6%
1980
21.3%
1985
18.5%
1990
21.0%
1995
24.5%
2000
25.2%
2001
27.2%
2002
30.1%
2003
31.8%
2004
32.4%
June 20, 2005 in Think Tank Reports | Permalink
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Back by unpopular demand--guess the fake headline! One headline below is fake. Your job is to find it and click on it for a special surprise (work safe link)(today the link points to a fun site filled with neato... [Read More]
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» http://www.diversionz.net/archives/2005/06/_back_by_unpopu.html from DiVERSiONZ
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» Rorschach Test from RadicallyCentered
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