Monday, December 07, 2009

1/3 of Tax Returns Filed Pay Zero Tax

According to the Tax Foundation “46.6 million people who filed tax returns in 2007 had a zero or negative tax liability -- 32.6% of the 143.0 million tax returns filed. In about half of these cases, substantial additional money was ‘refunded’ to the tax filer. 15 million people do not earn enough to file a tax return, so 61.6 million people do not pay federal income taxes.”

The Tax Prof Blog posted the following video when covering this story of a FOX News segment with Jim Angle discussing this disturbing figure. You can check out the embedded video below.

Blog Archive