Showing posts with label tax structure. Show all posts
Showing posts with label tax structure. Show all posts

Tuesday, September 25, 2012

Who Pays? The Truth About the American Tax System

There have been several recent articles discussing the American tax structure, and frankly they are all foreboding. According to a recent Tax Policy Center study, about 67 million Americans paid no federal income taxes last year. Excluding children, that’s about 40% of the entire US population who pay no taxes at all. In other words, only 60% of us support the entire massive federal infrastructure.

So who doesn’t pay?