Taxpayer? . . . Sucker!
About 47 percent of households will pay no federal income taxes for 2009.
Are you paying taxes? Fool!
Actually, it might be easy to get the wrong impression from this report. The income tax is only one way to hand over money to the federal government. Tariffs mean that you pay some federal tax on imported goods you buy—and things made from imported goods. The corporate tax is passed on to consumers in higher prices too.
So it’s not like everyone not paying income tax is getting off scott-free. But it’s still remarkable to realize that half of the people, the taxpayers, might be supporting government for the rest—the tax consumers.
During the annual spending process, which has only just begun, you can see where all the spending goes. (Our most recent post was called The President’s Budget—Agency by Agency. We’re due to write some more on it soon.)
In the meantime, enjoy filling out those tax forms. You’re not alone–but you’re more alone than you thought you were!