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Tuesday, February 21, 2012

Heritage: Nearly Half of All Americans Don’t Pay Income Taxes

Heritage Foundation: Chart of the Week -- Nearly Half of All Americans Don’t Pay Income Taxes:

Chart 2

http://taxprof.typepad.com/taxprof_blog/2012/02/heritage-nearly-.html

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Tracked on Feb 21, 2012 5:11:42 AM

Comments

From a link on the original source of that graph:

Top 10 Urban 'Farmers' (July 16, 2007)

A total of 55 farmers cashed federal crop subsidies worth more than $1 million each in 2003 through 2005. ..."Current farm policies are obscenely expensive, doling out $25 billion in subsidies each year. Most of the money goes to commercial farms, where average household income is $199,975 and average net worth is almost $2 million."

So, when are the corporation bashers and Wall Street protesters going to start occupying farms? Frankly, they should also be occupying some of the homes of those 49.5% of people who pay no income taxes, too.

Posted by: Woody | Feb 21, 2012 10:14:13 AM

I guess your reaction to this chart depends on whether you believe there are too many escaping taxation or too few earning enough to be taxed.

Posted by: J. Wiedwald | Feb 22, 2012 5:56:57 PM