Why so many Americans pay no income tax
Posted By Russ Roberts On February 20, 2013 @ 12:06 pm In Taxes | Comments Disabled
This post by Keith Hennessey [1] from 2010 is full of valuable info on what has happened to tax credits in recent years. What stops this process from continuing? A family of four with income of $51,000 pays no income tax. Is this still true or has the policy changed since then? I still think we should get rid of the payroll tax [2] and raise income tax rates.
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URLs in this post:
[1] This post by Keith Hennessey: http://keithhennessey.com/2010/04/15/off-the-rolls/
[2] I still think we should get rid of the payroll tax: http://www.invisibleheart.com/2009/03/the_speech_i_wish_obama_had_gi.php#000094
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