Friday, August 30, 2013

The 47 percent is now the 43 percent: Number of Americans paying no income taxes drops

The Washington Examiner reports:
The “47 percent” of Americans who Mitt Romney famously said during the 2012 presidential election paid no income tax and wouldn’t vote for him are now the 43 percent.

The share of Americans who pay no income taxes is falling, the Tax Policy Center reported Thursday. Because of an improving economy and expiring tax credits, the think tank estimates that only 43.3 percent did not pay federal income taxes in 2013, and that number is expect to continue to decline to 35 percent by the end of the decade.