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Who are the 47%? ~ 70% pay income taxes - 17% are seniors. [View all]
A breakdown of tax payers who pay federal income taxes, vs. those who do not:
A breakdown of the 47% who pay no federal income tax:
* 70% pay payroll taxes
* 17% are seniors, who have no income and paid taxes prior to retirement
* 13 percent are students, jobless, disabled and/or make too little income.
* 70% pay payroll taxes
* 17% are seniors, who have no income and paid taxes prior to retirement
* 13 percent are students, jobless, disabled and/or make too little income.
Note that about 22% households, who paid no income tax in 2009, earned over 50K per year. 6%, made over 100K.
Additional information:
http://money.cnn.com/2009/09/30/pf/taxes/who_pays_taxes/index.htm
http://blogs.wsj.com/washwire/2012/09/18/the-data-behind-romneys-47-comments/
http://www.taxpolicycenter.org/UploadedPDF/1001547-Why-No-Income-Tax.pdf
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