Over 36% of American’s Owe Zero Tax Even As Uncle Sam Runs Up Record Debt

deficit

51.6 million filers paid no income tax in 2008

It’s just over a month until tax day — April 15 — typically one of the most dreaded days on the calendar for Americans.  But that red-letter day is of diminishing significance to an increasing percentage of Americans every year, even as Uncle Sam runs up record amounts of red ink. The implications of this divergence are extremely important to the future of the spending debate and to the health of our economy.

 

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