Tax Policy Center: Fewer Americans Pay No Federal Income Tax
One area of controversy in the last election was the percentage of American households that pay no federal income tax, often cited as 47 percent. The number actually peaked at 50 percent in 2009, but that proportion will fall to 43 percent this year.
But before one makes a quick judgment about what that really means, they should watch the Tax Policy Center's new whiteboard video. In the video, Roberton Williams of TPC explains what role our tax policy plays and who makes up the 43 percent. As our readers know, the story is much more complicated than it is often made to appear.
Whether this fact is a concern to policymakers or deemed an appropriate outcome of tax policy, it is something that lawmakers should figure out when they take up tax reform this fall.
Click here for the full piece from TaxVox.