Economics

Over one-third of US taxpayers don’t pay taxes

According to the Tax Foundation, 36% of U.S. taxpayers either don’t pay taxes or receive a refund without having paid taxes (negative tax liability). That’s a 59 percent increase from just ten years ago.

While I support cutting taxes, I do not support income redistribution through the tax code, which is exactly what is going on here. The Tax Foundation reports that today, families with an income threshold of over $50,000 can have either a zero – or a negative – tax liability.

Think about it: the fewer people that pay taxes, the more likely the American public will be to support more government redistribution of income. Rather than work for their money, they can entrust government to take it from “the rich.”

Leave a Reply