It’s now official. We’ve been heading to this for quite a while … and now we’re there.
More than half of households in America do not pay federal income taxes. The percentage of U.S. households paying no federal income tax has been climbing, and reached 51% for 2009, according to a new analysis by the Joint Committee on Taxation. The analysis concludes that about 30% of these taxpayers (who pay no federal income tax) received money from the government through tax credits.
And while these pitiful people just don’t make enough money to shoulder one single dollar of the cost of operating our government, almost 90% of U.S. households have cable or satellite TV service.
From the Wall Street Journal..@... http://online.wsj.com/article/SB10001424052748703703304576299560728821804.html?mod=googlenews_wsj