We've all heard about the "47%" ... but how many really aren't paying Federal income tax? And how does that current number compare to prior years? The graph below adds some perspective:
- NUMBER AND PERCENTAGE OF "NON-PAYERS" 1950-2012
FROM THE TAX FOUNDATION:
The tax code has always shielded some Americans from paying income taxes, and the number of nonpayers has fluctuated widely since the earliest days of the code. However, the number of nonpayers of the federal income tax has grown substantially over the last two decades. In 2010, the figure stood at 41 percent, representing 58 million tax filers. Throughout the 1990s, an average of 24 percent of filers paid no income taxes. The low point in the modern era for nonpayers was 1969 when only 16 percent of filers had no income tax liability.