Sunday, September 21, 2008
In 2006, roughly 33% of individual income tax filers reported no tax liability (up from 25% in 1998 and 20% in 1981). The Tax Foundation reports that the Presidential candidates' tax plans would increase this number dramatically -- 44% under Obama's tax plan and 43% under McCain's tax plan:
The Tax Foundation rightly notes:
It is time for a serious public discussion of whether it is desirable to have so many Americans disconnected from the cost of government and what the consequences are of using the tax system as a vehicle for social policy.
See also Don't Mess With Taxes.