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Almost Half of US Residents Pay No Federal Income Tax and get Money Back

Published Filed under Economy, U.S., US News. Total of no comments in the discussion.

Patrick Tyrrell / /The Daily Signal

No doubt many of the non-payers would willingly pay income tax in exchange for the chance to work in a more dynamic economy that generated more and better jobs. But our labor market has been hobbled by government regulations, cronyism, government power grabs, a tax code nobody understands, and federal waste.

DS-IRS-non-federal-income-tax-chart-1_700

 

The chart tells the story.

In 1962, the percentage of people who did not pay federal income taxes themselves and who were not claimed as dependents by someone who paid federal income taxes stood at 24.0 percent; it fell to 12.6 percent by 1969 before beginning a ragged and ultimately steady increase.

By 2000, the percentage was 34.1 percent; by 2009, it was 49.6 percent. The number dropped to 44.7 percent in 2011, and it has hovered around 44 percent ever since.

An astounding 33.67 percent of tax returns are filed only to claim benefits while not paying any income tax. That is up from 18.64 percent in 1990.

An astounding 33.67 percent of tax returns are filed only to claim benefits while not paying any income tax.

As President Ronald Reagan said on Jan, 20, 1981, in his inaugural address, “Government is not the solution to our problem. Government is the problem.”

The federal government stands in the way of success for too many people. Establishing a limited federal government is as critical now as when Reagan said those words.


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