Half of America Pays No Federal Income Taxes

                           

 

                           

A terrible precedent is set in a country when almost half the working adults pay no fed taxes. Because you cannot have a true democracy with a divided citizenry.

                           

About 50% manage to do so because of the number of dependents claimed. And about 22% for the standard deduction for the elderly. About 15% get credit for their number of children, or for being working poor. About 3% get education credit. About 10% are classified as miscellaneous.

                           

Everyone should pay something; have “skin in the game.” Small amounts, so that their wallets are affected by government largesse. With no reimbursements of what they never paid the IRS. Those who need funds can get welfare assistance from a government agency other than the IRS.

                           

But you cannot have voters who pay nothing into a system; voting for politicians whose motto is "soak the rich.” Those rich are too many neighbors who are earning a little more that has become taxable.  (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)