Thursday, April 8, 2010

What's Wrong with This Picture?

This April 15, a family of four with an income of $50,000, with two children younger than 17, will owe no federal income tax. They are part of the 47 percent of Americans who pay no income tax each year. Half the country is paying for the other half to get something (lots) for nothing.

The top 10 percent of earners in America pay about 73 percent of the taxes collected by the federal government. The bottom 40 percent of earners actually make a profit from the government via tax credits. The government actually sends them money.

Read the whole amazing story here.

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